Form 4: Saia Inc. President & CEO Reports Phantom Stock Acquisition
SEC Form 4 Filing
Frederick J. Holzgrefe III, President & CEO of Saia Inc., reports the acquisition of phantom stock units convertible to common stock.
Summary
- On February 11, 2025, Frederick J. Holzgrefe III, President & CEO of Saia Inc., reported a transaction involving phantom stock.
- The transaction involved the acquisition of 446.691 units of phantom stock.
- These phantom stock units are convertible into common stock upon the termination of the reporting person's service as an employee.
- The conversion rate on February 11, 2025, is 1.1301, resulting in 8,063.999 shares of common stock underlying the derivative security.
- Following the reported transaction, Holzgrefe directly owns 17,645 shares of common stock and 7,135.514 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction.
Future Outlook
The phantom stock will be converted to common stock upon the termination of the reporting person's service as an employee, in accordance with the terms of the Plan.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies. It provides transparency regarding the executive's stake in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 2022-03-25 | Date of Power of Attorney execution. |
| 2025-02-11 | Date of phantom stock transaction. |
| 2025-02-13 | Date of signature for the Form 4 filing. |
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