Form 4: Saia Inc. CFO Matthew Batteh Reports Stock Transactions

Chief Financial Officer Matthew J. Batteh reports acquisition of restricted stock and withholding of shares for tax liabilities.

Summary

• On February 5, 2025, Matthew J. Batteh, CFO of Saia Inc., acquired 778 shares of common stock at $0.00 per share as part of a long-term incentive program.
• On February 6, 2025, 28 shares were withheld at the officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2024 at a price of $508.47.
• Following these transactions, Batteh directly owns 3,585 shares of Saia Inc. common stock.
• Batteh also holds derivative securities, including phantom stock convertible to 278.69 shares of common stock and stock options to purchase 2,080 shares of common stock at various exercise prices and expiration dates.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock is a positive sign, while the tax withholding is a neutral event.

Positives

• The acquisition of restricted shares indicates confidence in the company's future performance.

Negatives

• The withholding of shares to cover tax liabilities could be seen as a minor negative, although it's a standard practice.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages including stock options and restricted stock are standard practice among publicly traded companies, including competitors in the transportation and logistics industry.
• Companies like Old Dominion Freight Line (ODFL) and XPO Logistics also utilize similar equity-based compensation to incentivize their executives.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning management's interests with the company's performance.

Key Dates