Form 4: Saia Inc. EVP Operations, Patrick D. Sugar, Reports Stock Transaction
SEC Form 4 Filing
Patrick D. Sugar, EVP Operations at Saia Inc., reports the withholding of shares to cover tax liabilities and provides an update on derivative securities.
Summary
- On November 4, 2024, Patrick D. Sugar, EVP Operations at Saia Inc., reported a transaction involving the withholding of 466 common stock shares to cover tax liabilities.
- The shares were withheld at a price of $486.14 per share.
- Following the transaction, Sugar directly owns 6,671 shares of Saia Inc. common stock.
- The report also details Sugar's holdings in derivative securities, including phantom stock and stock options.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, reflecting a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 2022-03-25 | Date of Power of Attorney execution, authorizing Frederick J. Holzgrefe, III, Douglas L. Col and Kelly Benton to act on Patrick D. Sugar's behalf for SEC filings. |
| 2024-11-04 | Date of the stock transaction where shares were withheld to cover tax liabilities. |
| 2024-11-06 | Date of signature for the report by Kelly W. Benton. |
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.