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: 5/21/2025ACC: 0000907254-25-000085

InsiderLAYCOCK WILLOUGHBY B.CIK 1771496

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IssuerSAUL CENTERS, INC.CIK 907254

DirectorOfficer· VP-Residential Development

Since Mar 2019

-31.00

Net shares

Net seller

$1.2K

Total sold

Open market trades

0B · 0S

Total transactions

5.00 acquired · 36.00 disposed

Non-Derivative Transactions2

Common Stock

Direct

F · Tax Withholding

−36.00

Price / share

$34.39

Trade value

$1.24K

% of position

0.9%

5/17/2025

4.10K→4.07K

Common Stock

Direct

A · Award

+5.00

Price / share

$34.39

Trade value

$171.95

% of position

0.1%

5/17/2025

4.07K→4.07K

Total

Net shares

−31.00

Net value

-$1.07K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/17/2025	F · Tax Withholding	−36.00	$34.39	$1.24K	0.9%	4.10K	4.07K
Common Stock Direct	5/17/2025	A · Award	+5.00	$34.39	$171.95	0.1%	4.07K	4.07K
Total			−31.00		-$1.07K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned249.95

Total

249.95 indirect249.95

Security Title	Shares Owned	Ownership Type
Common Stock	249.95	Indirect
Total	249.95	249.95 indirect

Derivative Holdings (Post-Transaction)13

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

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

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

33.79

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

47.90

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

Expiration

—

Exercise window

—

Phantom Stock

Direct

Underlying security

Common Stock

Underlying shares

3.93K

Shares owned

3.93K

Exercise price

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Shares

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

47.90

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

43.89

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

33.79

Expiration

—

Exercise window

—

Performance Shares

Direct

Underlying security

Common Stock

Underlying shares

400.00

Shares owned

400.00

Exercise price

Expiration

—

Exercise window

—

Performance Shares

Direct

Underlying security

Common Stock

Underlying shares

500.00

Shares owned

500.00

Exercise price

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

—

Total

Underlying

62.33K

Owned

62.33K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Director Stock Option Direct	Common Stock	50	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	55.71	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	55.71	—	—	5K	5K
Director Stock Option Direct	Common Stock	33.79	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	47.90	—	—	10K	10K
Employee Stock Option Direct	Common Stock	50	—	—	10K	10K
Phantom Stock Direct	Common Stock		—	—	3.93K	3.93K
Director Stock Option Direct	Common Shares	47.90	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	43.89	—	—	10K	10K
Employee Stock Option Direct	Common Stock	33.79	—	—	10K	10K
Performance Shares Direct	Common Stock	0	—	—	400.00	400.00
Performance Shares Direct	Common Stock	0	—	—	500.00	500.00
Director Stock Option Direct	Common Stock	43.89	—	—	2.50K	2.50K
Total					62.33K	62.33K