Form 4: Saia Inc. Director John P. Gainor, Jr. Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director John P. Gainor, Jr. reported the acquisition of 503 shares of phantom stock in Saia Inc., convertible to common stock upon termination of service.
Summary
- On May 1, 2024, John P. Gainor, Jr., a director of Saia Inc., reported the acquisition of 503 shares of phantom stock.
- These shares are payable in the company's common stock upon the director's termination of service.
- The reporting person directly owns 17,718 shares of phantom stock following the reported transaction.
- The transaction was reported on May 3, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The phantom stock will be converted to common stock upon the director's termination of service.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| July 26, 2022 | Date of Power of Attorney execution. |
| May 01, 2024 | Date of transaction: Acquisition of phantom stock. |
| May 03, 2024 | Date of Form 4 filing. |
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