LAYCOCK WILLOUGHBY B. (VP-Residential Development) received a stock award from SAUL CENTERS, INC.

Compensation award — not an open‑market transaction. Less informative as a directional signal.

A · 1 award

LAYCOCK WILLOUGHBY B.

Filed: 5/16/2023ACC: 0000907254-23-000045

InsiderLAYCOCK WILLOUGHBY B.CIK 1771496

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IssuerSAUL CENTERS, INC.CIK 907254

DirectorOfficer· VP-Residential Development

Since Mar 2019

+12.70K

Net shares

Net buyer

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

12.70K acquired

Non-Derivative Transactions1

Common Stock

Direct

A · Award

+200.00

Price / share

—

Trade value

—

% of position

10.8%

5/12/2023

1.84K→2.04K

Total

Net shares

+200.00

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/12/2023	A · Award	+200.00	—	—	10.8%	1.84K	2.04K
Total			+200.00		$0.00

Derivative Transactions2

Director Stock Option

Direct

A · Award

Converts to

Common Stock

2.50K shares

+2.50K

Strike price

33.79

Held after

2.50K

Exercisable

—

5/12/2023

Employee Stock Option

Direct

A · Award

Converts to

Common Stock

10K shares

+10K

Strike price

33.79

Held after

10K

Exercisable

—

5/12/2023

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Director Stock Option Direct	Common Stock2.50K shares	5/12/2023	A · Award	+2.50K	33.79	—	2.50K
Employee Stock Option Direct	Common Stock10K shares	5/12/2023	A · Award	+10K	33.79	—	10K

Non-Derivative Holdings (Post-Transaction)3

Common Stock

Indirect

Shares owned298.91

Common Stock

Indirect

Shares owned302.63

Common Stock

Indirect

Shares owned491.78

Total

1.09K indirect1.09K

Security Title	Shares Owned	Ownership Type
Common Stock	298.91	Indirect
Common Stock	302.63	Indirect
Common Stock	491.78	Indirect
Total	1.09K	1.09K indirect

Derivative Holdings (Post-Transaction)9

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

50.0

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

55.71

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

47.9

Expiration

—

Exercise window

—

Phantom Stock

Direct

Underlying security

Common Stock

Underlying shares

3.05K

Shares owned

3.05K

Exercise price

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

50.0

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

55.71

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

47.9

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

43.89

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

43.89

Expiration

—

Exercise window

—

Total

Underlying

48.05K

Owned

48.05K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Director Stock Option Direct	Common Stock	50.0	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	55.71	—	—	5K	5K
Director Stock Option Direct	Common Stock	47.9	—	—	2.50K	2.50K
Phantom Stock Direct	Common Stock		—	—	3.05K	3.05K
Employee Stock Option Direct	Common Stock	50.0	—	—	10K	10K
Director Stock Option Direct	Common Stock	55.71	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	47.9	—	—	10K	10K
Director Stock Option Direct	Common Stock	43.89	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	43.89	—	—	10K	10K
Total					48.05K	48.05K