Form 4: Saia Inc. EVP Operations, Patrick D. Sugar, Reports Tax Liability Share Withholding

Patrick D. Sugar, EVP Operations at Saia Inc., reports the withholding of shares to cover tax liabilities related to the vesting of restricted shares.

Summary

• On March 10, 2025, Patrick D. Sugar, EVP Operations at Saia Inc., had 103 shares of common stock withheld to cover tax liabilities.
• These shares were related to the vesting of restricted shares awarded in March 2021.
• Following the transaction, Sugar directly owns 8,273 shares of Saia Inc. common stock.
• Sugar also holds phantom stock, which converts to common stock upon termination of employment, with a conversion rate of 1.1407 as of March 10, 2025.
• This conversion rate results in 361.959 shares of common stock underlying the phantom stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It is neutral in tone and does not indicate any significant positive or negative developments for the company.

Future Outlook

The shares of phantom stock become payable in the Company's common stock upon reporting person's termination of service as an employee, in accordance with the terms of the Plan.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily concerns the executive's personal tax obligations.

Key Dates