Form 4: Saia Inc. Director Kevin A. Henry Reports Acquisition of Phantom Stock

Director Kevin A. Henry reports the acquisition of 509 shares of phantom stock in Saia Inc.

Summary

• On May 1, 2024, Kevin A. Henry, a director of Saia Inc., acquired 509 shares of phantom stock.
• Following this transaction, Henry directly owns 2,399 shares of phantom stock.
• These shares are payable in the company's common stock upon the termination of Henry's service as a director.
• The transaction was reported on May 3, 2024.

Sentiment

Score: 5

Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment.

Future Outlook

The phantom stock becomes payable in the Company's common stock upon reporting person's termination of service as a Director.

Industry Context

This is a routine disclosure related to executive compensation and holdings, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock or similar instruments to align executive interests with shareholder value.
• The terms and conditions of phantom stock plans can vary widely across companies and industries.
• It is common for directors to accumulate phantom stock over time as part of their compensation.

Stakeholder Impact

• The transaction itself has minimal immediate impact on stakeholders.
• It reflects part of the director's compensation package, which is of interest to shareholders.

Key Dates