Form 4: Saia Inc. CFO Matthew Batteh Reports Sale of Common Stock

Matthew Batteh, CFO of Saia Inc., reports the sale of 700 shares of common stock at a weighted average price of $500.0917 on February 18, 2025.

Summary

• On February 18, 2025, Matthew J. Batteh, the Chief Financial Officer of Saia Inc. (SAIA), sold 700 shares of the company's common stock.
• The sale was executed at prices ranging from $500.00 to $500.20, with a weighted average sale price of $500.0917.
• Following the transaction, Batteh directly owns 3,326 shares of Saia Inc. common stock.
• Batteh also holds derivative securities, including phantom stock convertible into 315.165 shares of common stock and stock options to purchase 2,080 shares of common stock at various exercise prices and expiration dates.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of insider trading activity, which is common among publicly traded companies. It provides transparency into the transactions of company executives.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly traded companies, and the reporting requirements are standardized by the SEC.
• Comparing Batteh's transactions to those of other CFOs in the transportation industry would require analyzing similar Form 4 filings for companies like Old Dominion Freight Line (ODFL) or XPO Logistics (XPO).

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some investors, although it is a common occurrence and doesn't necessarily indicate a lack of confidence in the company.

Key Dates

Keywords

Form 4, SAIA, Stock Sale, Matthew Batteh, CFO, Insider Trading, Common Stock, Securities Exchange Act