Form 4: Saia Inc. Executive Patrick Sugar Reports Stock Transactions
SEC Form 4
EVP Operations Patrick Sugar reports acquisition of restricted shares and withholding of shares for tax liabilities related to vesting.
Summary
- Patrick D. Sugar, EVP Operations at Saia Inc., reported transactions involving Saia Inc. common stock.
- On February 5, 2025, Sugar acquired 1,240 shares of common stock as part of a long-term incentive program.
- These shares were granted as restricted stock, vesting in three equal installments annually on the grant date anniversary.
- On February 6, 2025, 106 shares were withheld to cover tax liabilities from the vesting of restricted shares awarded in February 2024.
- Following these transactions, Sugar beneficially owns 7,805 shares of Saia Inc. common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the transactions are related to compensation and tax obligations, with no indication of positive or negative outlook.
Positives
- The acquisition of restricted shares indicates a continued investment in the company's long-term success by a key executive.
Industry Context
Executive stock transactions are a common occurrence and are often monitored by investors to gauge management's sentiment towards the company's prospects.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| March 25, 2022 | Date of Power of Attorney execution. |
| February 2024 | Restricted shares awarded that resulted in tax liabilities in February 2025. |
| February 5, 2025 | Acquisition of 1,240 shares of common stock. |
| February 6, 2025 | Withholding of 106 shares for tax liabilities. |
| February 7, 2025 | Date of signature for the Form 4 filing. |
| February 7, 2029 | Expiration date for stock options. |
Keywords
Form 4, SAIA, Stock transaction, Beneficial ownership, Patrick Sugar, EVP Operations, Restricted shares, Tax withholding
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