Form 4: Saia Inc. Director Randolph W. Melville Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Randolph W. Melville reports acquisition of phantom stock in Saia Inc.
Summary
- On May 1, 2024, Randolph W. Melville, a director of Saia Inc., acquired 301 shares of phantom stock.
- These shares are payable in the company's common stock upon the director's termination of service.
- Following the transaction, Melville directly owns 22,585 shares of phantom stock.
- The price of the derivative security is $0.00.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| July 26, 2022 | Date of Power of Attorney execution. |
| May 1, 2024 | Date of transaction: Acquisition of phantom stock. |
| May 3, 2024 | Date of signature for the report. |
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