Form 4: Saia Inc. Executive Anthony R. Norwood Reports Stock Transactions

EVP & CHRO of Saia Inc., Anthony R. Norwood, reports acquisition of restricted shares and withholding of shares for tax liabilities.

Summary

• Anthony R. Norwood, EVP & CHRO of Saia Inc., reported transactions involving the company's common stock.
• On February 5, 2025, Norwood acquired 542 shares of common stock as part of a long-term incentive program.
• These shares were granted as restricted shares, with one-third vesting annually on the grant date anniversary.
• On February 6, 2025, 36 shares were withheld to cover tax liabilities related to the vesting of restricted shares awarded in February 2024.
• Following these transactions, Norwood beneficially owns 3,316 shares of Saia Inc. common stock.
• Norwood also holds stock options for 530 shares, granted as part of the long-term incentive program, vesting in one-third increments annually starting March 2, 2029.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions reflect standard executive compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The grant of restricted shares and stock options to the EVP & CHRO suggests an alignment of interests between management and shareholders through long-term incentive programs.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of executive incentives with shareholder value.

Comparison to Industry Standards

• Equity-based compensation, including restricted stock and stock options, is a standard practice among publicly traded companies to incentivize executives.
• The vesting schedules described are typical, often designed to retain key personnel over a multi-year period.
• Companies like Old Dominion Freight Line (ODFL) and XPO Logistics (XPO) also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning executive compensation with company performance.

Key Dates

Keywords

Form 4, SAIA, stock options, restricted stock, insider trading, Anthony R. Norwood, EVP & CHRO, beneficial ownership