XML 15 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100 Investment on January 1, 2020 Based On:
YearSummary Compensation Table Total for PEO (1)Compensation Actually Paid to PEO (1)Average Summary Compensation Table Total for Non-PEO NEOs (2)Average Compensation Actually Paid to Non-PEO NEOs (2)Saul Centers Total Stockholder Return (4)Peer Group Total Stockholder Return (3) (4)Net Income
(in thousands) (4)
2024
$1,384,835 $1,399,251 $1,099,961 $1,131,981 $98.23 $123.35 $67,703 
2023
302,294 302,294 944,714 940,496 93.56113.4669,026 
2022
293,174 293,174 896,356 802,676 91.0499.7865,392 
2021
248,465 248,465 680,841 929,317 112.91131.8661,649 
2020193,906 193,906 706,527 540,224 63.9492.0550,316 
        
Named Executive Officers, Footnote Mr. B. Francis Saul II was our PEO for all years shown. Prior to 2024, all equity grants awarded to Mr. B. Francis Saul II vested immediately and there were no adjustments to the Summary Compensation Table total to arrive at CAP to our PEO.For 2020, our other NEOs included Messrs. Schneider, Netter, Pearson, and Collich. For 2021, our other NEOs included Messrs. Schneider, Pearson, Netter, Collich and Heard. For 2023 and 2022, our other NEOs included Messrs. Pearson, Netter, Collich and Heard. For 2024, our other NEOs included Messrs. Pearson, Collich, Heard, and Friedlis.        
Peer Group Issuers, Footnote Peer Group TSR is calculated using the FTSE Nareit Equity Index, which is the index used for purposes of our performance graph in our Annual Report on Form 10-K for the year ended December 31, 2024.        
PEO Total Compensation Amount $ 1,384,835 $ 302,294 $ 293,174 $ 248,465 $ 193,906
PEO Actually Paid Compensation Amount $ 1,399,251 302,294 293,174 248,465 193,906
Adjustment To PEO Compensation, Footnote
The following table summarizes the adjustments made during each year to arrive at average CAP to the PEO during 2024, 2023, 2022, 2021, and 2020.

PEO
Adjustments20242023202220212020
Amounts reported under “Restricted Stock Awards” in Summary Compensation Table$(1,133,766)$— $— $— $— 
Fair Value of Awards Granted in the Indicated Year and Unvested as of Year-End1,148,182 — — — — 
Change in Fair Value from Awards Granted in Prior Years that Remain Unvested as of Year-End— — — — — 
Change in Fair Value from Awards Granted in Prior Years that Vested during the Year— — — — — 
Increase based on Dividends or Other Earnings Paid During Year prior to Vesting Date of Award— — — — — 
Total Adjustments$14,416 $— $— $— $— 
        
Non-PEO NEO Average Total Compensation Amount $ 1,099,961 944,714 896,356 680,841 706,527
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,131,981 940,496 802,676 929,317 540,224
Adjustment to Non-PEO NEO Compensation Footnote
The following table summarizes the adjustments made during each year to arrive at average CAP to the other NEOs during 2024, 2023, 2022, 2021, and 2020.

Average of Other NEOs
Adjustments20242023202220212020
Amounts reported under “Restricted Stock Awards” in Summary Compensation Table$(304,641)$— $— $— $— 
Amounts reported under “Option Awards” in Summary Compensation Table— (136,350)(172,350)(95,360)(17,250)
Fair Value of Awards Granted in the Indicated Year and Unvested as of Year-End308,567 203,625 138,825 156,800 29,438 
Change in Fair Value from Awards Granted in Prior Years that Remain Unvested as of Year-End22,694 (26,716)(63,297)146,115 (103,803)
Change in Fair Value from Awards Granted in Prior Years that Vested during the Year5,400 (44,777)3,142 40,921 (74,688)
Increase based on Dividends or Other Earnings Paid During Year prior to Vesting Date of Award— — — — — 
Total Adjustments$32,020 $(4,218)$(93,680)$248,476 $(166,303)
        
Compensation Actually Paid vs. Total Shareholder Return 2423        
Compensation Actually Paid vs. Net Income 2424        
Total Shareholder Return Vs Peer Group
2426
        
Total Shareholder Return Amount $ 98.23 93.56 91.04 112.91 63.94
Peer Group Total Shareholder Return Amount 123.35 113.46 99.78 131.86 92.05
Net Income (Loss) $ 67,703,000 69,026,000 65,392,000 61,649,000 50,316,000
PEO Name Mr. B. Francis Saul II        
Additional 402(v) Disclosure The Company does not link CAP with net income, TSR, or any other financial performance measurement. The Compensation Committee believes that the annual salary, cash bonus, and options awarded to each of our NEOs during the periods presented reflected the scope of the role and responsibilities of the applicable position, individual performance and experience, and competitive market practices. The Compensation Committee believes that the annual salary, cash bonus, and options awarded to each of our NEOs maintain a level of total compensation that allows us to attract and retain executive officers who create and preserve sustainable stockholder value.        
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 14,416 0 0 0 0
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,148,182 0 0 0 0
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Aggregate Grant Date Fair Value of Restrcited Stock Equity Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,133,766) 0 0 0 0
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 32,020 (4,218) (93,680) 248,476 (166,303)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 308,567 203,625 138,825 156,800 29,438
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 22,694 (26,716) (63,297) 146,115 (103,803)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,400 (44,777) 3,142 40,921 (74,688)
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Restrcited Stock Equity Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (304,641) 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Option Equity Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ (136,350) $ (172,350) $ (95,360) $ (17,250)