Form 4: Saia Inc. Executive VP Raymond Ramu Reports Stock Sale
SEC Form 4
Raymond Ramu, Executive VP & Chief Customer Officer of Saia Inc., reports the sale of 820 shares of common stock at a price of $407.6959 per share on September 9, 2024.
Summary
- On September 9, 2024, Raymond R. Ramu, Executive VP & Chief Customer Officer of Saia Inc., sold 820 shares of common stock.
- The sale price was $407.6959 per share.
- Following the transaction, Ramu directly owns 3,253 shares of Saia Inc. common stock.
- Ramu also holds derivative securities, including phantom stock convertible to 9,171.542 shares of common stock and stock options to purchase 1,980 shares of common stock at exercise prices of $277.86 and $200.81.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company executives. It's a standard practice in compliance with SEC regulations.
Stakeholder Impact
- The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 2022-03-25 | Raymond R. Ramu executed a Power of Attorney. |
| 2024-09-09 | Raymond Ramu sold 820 shares of Saia Inc. common stock. |
| 2024-09-11 | Date of signature for the Form 4 filing. |
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