Form 4: Saia Inc. Director Jeffrey C. Ward Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Jeffrey C. Ward reports acquisition of phantom stock in Saia Inc.
Summary
- On May 3, 2024, Jeffrey C. Ward, a director of Saia Inc. (SAIA), filed a Form 4 with the SEC.
- The report details a transaction on May 1, 2024, where Ward acquired 528 shares of phantom stock.
- Following the transaction, Ward beneficially owns 7,079 shares of common stock directly and 56,600 shares of phantom stock directly.
- The phantom stock becomes payable in the Company's common stock upon Ward's termination of service as a Director.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/03/2022 | Date of Power of Attorney execution. |
| 05/01/2024 | Date of phantom stock transaction. |
| 05/03/2024 | Date of Form 4 filing. |
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