Lotuff Patricia Saul 4
4 · SAUL CENTERS, INC. · Filed May 21, 2024
Insider Transaction Report
Form 4
Lotuff Patricia Saul
DirectorVice Chair
Transactions
- Award
Performance Shares
2024-05-17+2,000→ 2,000 totalExercise: $0.00From: 2029-05-17Exp: 2029-05-17→ Common Stock (2,000 underlying) - Award
Common Stock
2024-05-17+2,000→ 8,800 total
Holdings
- 2,500
Director Stock Option
Exercise: $33.79From: 2023-05-12Exp: 2033-05-12→ Common Stock (2,500 underlying)
Footnotes (2)
- [F1]Represents restricted shares of Common Stock. Such shares vest on the first five anniversaries of May 17, 2024 in equal annual installments, assuming continued employment.
- [F2]The performance share award provides for the grant of restricted shares of Common Stock on each of the five anniversaries of May 17, 2024 in equal annual installments. The number of restricted shares of such grant that vest, if any, is (i) subject to cliff-vesting on May 17, 2029, and (2) achievement of performance criteria relating to the Company's target Funds from Operations available to common stockholders and noncontrolling interests (FFO) measured against an FFO amount included in the budget established by the Board of Directors annually prior to the start of such calendar year.