Form 4: Saia Inc. Director Randolph W. Melville Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Randolph W. Melville reports the acquisition of 318 shares of phantom stock in Saia Inc., convertible to common stock upon termination of service.
Summary
- On May 1, 2025, Randolph W. Melville, a director of Saia Inc., acquired 318 shares of phantom stock.
- These shares are payable in the company's common stock upon the director's termination of service.
- Following this transaction, Melville directly owns 22,903 shares of phantom stock.
- The price of the derivative security is $0.00.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral 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 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies like Saia Inc.
Key Dates
| Date | Description |
|---|---|
| July 26, 2022 | Date of Power of Attorney execution. |
| May 01, 2025 | Date of phantom stock acquisition. |
| May 02, 2025 | Date of signature for the report. |
Keywords
Form 4, phantom stock, SAIA, director, Melville, acquisition, beneficial ownership, securities
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.