Form 4: Saia Inc. Executive Reports Stock Transactions
Statement of Changes in Beneficial Ownership
Anthony R. Norwood, EVP & CHRO of Saia Inc., reported transactions involving common stock and stock options.
Summary
- Anthony R. Norwood, Executive Vice President & Chief Human Resources Officer of Saia Inc., filed a Form 4 detailing stock transactions.
- On May 20, 2026, Norwood acquired 292 shares of common stock at a price of $468.77 per share, increasing his direct beneficial ownership to 4,894 shares.
- Additionally, Norwood holds 530 stock options, which were granted as part of the company's long-term incentive program.
- These stock options have an exercise price of $287.79 and expire on March 2, 2029.
- The options vest in one-third increments annually on the anniversary of the grant date.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine stock transactions by an executive and does not contain new financial information or strategic updates.
Positives
- Acquisition of 292 shares of common stock by a key executive, indicating continued investment in the company.
- Direct beneficial ownership of 4,894 shares by the reporting person.
- Holding of 530 stock options, suggesting alignment of executive compensation with long-term company performance.
Future Outlook
The filing does not contain forward-looking statements or guidance. It reports on past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for executives and directors regarding their company stock transactions, providing transparency into insider activity within the transportation and logistics sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Anthony R. Norwood granted a Power of Attorney to Frederick J. Holzgrefe, III, Douglas L. Col, and Kelly Benton to execute SEC Forms ID, 3, 4, and 5 on his behalf. | 03/02/2022 | Ensures compliance with Section 16(a) reporting requirements even if Norwood is unable to personally file. |
Stakeholder Impact
- Shareholders: Increased transparency into executive stock ownership and transactions.
Key Dates
| Date | Description |
|---|---|
| 03/02/2022 | Date of Power of Attorney for Anthony R. Norwood. |
| 05/20/2026 | Transaction Date for acquisition of common stock and earliest transaction date reported. |
| 05/21/2026 | Date of signature for the Form 4 filing. |
| 03/02/2029 | Expiration date for stock options. |
Keywords
Form 4, SEC Filing, Stock Transaction, Beneficial Ownership, Stock Options, Executive Compensation, Saia Inc., Anthony R. Norwood, Insider Trading
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