Form 4: Saia Inc. Executive Patrick Sugar Reports Stock Option Exercises and Sales
SEC Form 4
EVP of Operations at Saia Inc., Patrick D. Sugar, reports exercising stock options and selling shares on November 8, 2024.
Summary
- Patrick D. Sugar, EVP of Operations at Saia Inc., filed a Form 4 detailing transactions involving Saia Inc. stock.
- On November 8, 2024, Sugar exercised stock options to acquire 377 shares at $200.81 and 427 shares at $277.86.
- Also on November 8, 2024, Sugar sold 427 shares at $552.8237 and 377 shares at $552.8237.
- Following these transactions, Sugar directly owns 6,671 shares of Saia Inc. common stock.
- Sugar also holds derivative securities, including stock options and phantom stock.
Sentiment
Score: 5
Explanation: Routine insider transaction; neutral sentiment.
Industry Context
Insider transactions are routinely monitored to gauge executive sentiment and potential future performance of the company. Option exercises and sales are a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2022-03-25 | Date of Power of Attorney execution. |
| 2024-11-08 | Date of stock option exercise and stock sales. |
| 2024-11-12 | Date of Form 4 filing. |
| 2028-02-11 | Expiration date of some stock options. |
| 2029-02-07 | Expiration date of some stock options. |
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