Form 4: Saia Inc. Director Reports Stock Transactions
Statement of Changes in Beneficial Ownership
Director Jeffrey C. Ward of Saia Inc. reported transactions involving common stock and phantom stock.
Summary
- Director Jeffrey C. Ward of Saia Inc. filed a Form 4 statement detailing changes in beneficial ownership.
- The filing indicates a transaction on May 4, 2026, involving common stock and phantom stock.
- Ward directly owns 7,079 shares of common stock.
- Additionally, 642 shares of phantom stock were acquired, which convert to common stock upon termination of service as a Director.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions and does not contain new financial performance data or strategic shifts.
Positives
- Director Jeffrey C. Ward continues to hold a direct ownership stake in Saia Inc.
- The acquisition of phantom stock indicates a long-term incentive tied to continued service.
Future Outlook
The filing does not contain forward-looking statements or guidance. It reports on past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for directors and officers, providing transparency on insider stock holdings and transactions, which is a common practice across the transportation and logistics industry.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Jeffrey C. Ward granted power of attorney to specific individuals to execute SEC filings (Forms ID, 3, 4, and 5) on his behalf. | 04/24/2025 | Ensures timely and accurate filing of required disclosures by designated representatives. |
Stakeholder Impact
- Shareholders: Increased transparency regarding director's stock holdings and transactions.
Key Dates
| Date | Description |
|---|---|
| 04/24/2025 | Date of execution for the Power of Attorney document. |
| 05/04/2026 | Date of earliest transaction reported in Form 4. |
| 05/06/2026 | Date of signature for the Form 4 filing. |
Keywords
Saia Inc., Form 4, Director, Beneficial Ownership, Stock Transaction, Phantom Stock, Common Stock
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