Form 4: Saia Inc. Executive Kelly W. Benton Reports Stock Transactions

VP & CAO of Saia Inc., Kelly W. Benton, reports acquisition of restricted shares and disposition of shares to cover tax liabilities.

Summary

• Kelly W. Benton, VP & CAO of Saia Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 5, 2025, Benton acquired 323 shares of common stock as part of a long-term incentive program at a price of $0.00.
• On February 6, 2025, Benton disposed of 35 shares of common stock at $508.47 per share to cover tax liabilities related to vesting restricted shares awarded in February 2024.
• Following these transactions, Benton beneficially owns 3,858 shares of Saia Inc. common stock directly.
• Benton also holds derivative securities including phantom stock convertible to 100.069 shares of common stock and stock options for 460 shares exercisable from February 7, 2029.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions are standard executive compensation activities. The acquisition of shares is a slightly positive signal, while the sale for tax purposes is neutral.

Positives

• Acquisition of 323 restricted shares indicates continued alignment with the company's long-term performance.

Negatives

• Disposition of 35 shares to cover tax liabilities reduces Benton's overall holdings, although this is a common practice.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's confidence in the company's future prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.

Key Dates