Form 4: Saia Inc. Executive VP Raymond Ramu Reports Transaction in Company Stock
SEC Form 4
Executive Vice President and Chief Customer Officer of Saia Inc., Raymond Ramu, reports a transaction involving phantom stock and stock options.
Summary
- Raymond R. Ramu, Executive VP & Chief Customer Officer of Saia Inc., filed a Form 4.
- The report details a transaction involving phantom stock on August 2, 2024, where 987.157 shares were acquired at a price of $454.77.
- The conversion rate of the phantom stock on August 2, 2024, is 1.1303, resulting in 9,110.569 shares of common stock.
- Ramu also holds 8,060.401 shares of common stock directly.
- He also holds stock options to buy 1,280 shares at $277.86, exercisable from February 7, 2029, and 700 shares at $200.81, exercisable from February 11, 2028.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 2022-03-25 | Date of Power of Attorney |
| 2024-08-02 | Date of phantom stock transaction |
| 2024-08-06 | 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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