Form 4: Saia Inc. Executive VP Raymond Ramu Executes Stock Options and Sells Shares
SEC Form 4
Raymond Ramu, Executive VP & Chief Customer Officer of Saia Inc., exercised stock options and sold shares of common stock on February 24, 2025, according to a Form 4 filing.
Summary
- On February 24, 2025, Raymond R. Ramu, Executive VP & Chief Customer Officer of Saia Inc., engaged in transactions involving the company's common stock.
- Ramu exercised stock options to acquire 1,280 shares at $277.86 and 700 shares at $200.81.
- Simultaneously, Ramu sold 700 shares at $415.8039 and 1,280 shares at $415.8039.
- Following these transactions, Ramu directly owns 5,902 shares of Saia Inc. common stock.
- Ramu also holds derivative securities, including stock options and phantom stock, convertible to 9,074.158 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 2022-03-25 | Date of Power of Attorney execution. |
| 2025-02-24 | Date of stock option exercise and share sale transactions. |
| 2025-02-26 | Date of signature on the Form 4 filing. |
| 2028-02-11 | Expiration date of some stock options. |
| 2029-02-07 | Expiration date of some stock options. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.