Form 4: SAIA VP & CAO Sells Shares for Tax Obligations

SAIA's VP & CAO, Kelly W. Benton, disposed of 38 common shares to cover tax liabilities related to restricted stock vesting.

Summary

• Kelly W. Benton, SAIA Inc.'s Vice President & Chief Accounting Officer, reported a transaction on February 5, 2026.
• 38 shares of SAIA common stock were disposed of at a price of $404.745 per share.
• This disposition was an 'F' transaction code, indicating shares withheld at the officer's election to cover tax liabilities.
• The tax liabilities were incurred in connection with the vesting of restricted shares awarded in February 2025.
• Following this transaction, Kelly W. Benton beneficially owns 3,053 shares of common stock directly.
• The filing also reports ownership of 100.069 units of phantom stock, which convert at a rate of 1.1534 into 115.416 shares of common stock.
• These phantom stock units become payable in the Company's common stock upon the reporting person's termination of service as an employee.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, typical for executive compensation and tax planning, with no direct implications for company performance or outlook.

Future Outlook

This filing is a report of a past insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine insider transaction, specifically the withholding of shares to cover tax obligations arising from restricted stock vesting. Such transactions are common for executives receiving equity compensation and are generally not indicative of a change in the company's operational performance or the executive's confidence in the company, unlike open market sales.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, tax-related disposition of a small number of shares by an insider, not an open market sale reflecting a change in sentiment.

Key Dates

Recommendation

The filing details a routine insider transaction for tax purposes, which does not reflect a change in the company's fundamentals or the reporting person's long-term view. Therefore, a 'hold' recommendation is appropriate as this event provides no new information to alter an investment thesis.

Keywords

SAIA, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Phantom Stock, Executive Compensation