Form 4: Saia Inc. CFO Matthew Batteh Reports Stock Transactions
SEC Form 4
Matthew Batteh, CFO of Saia Inc., reports the acquisition and disposal of common stock and derivative securities related to performance unit awards and tax liabilities.
Summary
- On February 7, 2025, Matthew Batteh, CFO of Saia Inc., acquired 780 shares of common stock at $0.00 per share due to the issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/22-12/31/24 performance period.
- On the same day, Batteh disposed of 231 shares at $489.51 per share and 66 shares at $489.51 per share to cover tax liabilities related to the issuance of Performance Unit Awards and the vesting of restricted shares awarded in February 2022, respectively.
- On February 10, 2025, Batteh disposed of 42 shares at $495.99 per share to cover tax liabilities related to the vesting of restricted shares awarded in February 2023.
- Following these transactions, Batteh beneficially owns 4,026 shares of common stock.
- Batteh also holds derivative securities, including phantom stock convertible to 278.69 shares of common stock and stock options to buy 470, 500, and 1,110 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to compensation and tax obligations. The acquisition of shares through performance awards is a slightly positive indicator.
Positives
- The issuance of Performance Unit Awards suggests the company is meeting performance goals.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2022 | Restricted shares awarded in February 2022. |
| May 13, 2024 | Date of Power of Attorney execution. |
| February 6, 2027 | Expiration date for stock options to buy 1,110 shares at $100.20. |
| February 11, 2028 | Expiration date for stock options to buy 500 shares at $200.81. |
| February 7, 2029 | Expiration date for stock options to buy 470 shares at $277.86. |
| February 7, 2025 | Date of stock acquisition and disposal transactions. |
| February 10, 2025 | Date of stock disposal transaction. |
| February 11, 2025 | Date of signature for the report. |
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