Form 4: SAIA VP Sells 1,000 Shares Under 10b5-1 Plan

SAIA's VP & CAO, Kelly W Benton, reported the sale of 1,000 shares of common stock at a weighted average price of $314.4275 on December 2, 2025, under a Rule 10b5-1 plan.

Summary

• Kelly W Benton, VP & CAO of SAIA Inc., reported a transaction involving the company's common stock.
• On December 2, 2025, Benton disposed of 1,000 shares of SAIA common stock. This transaction was executed pursuant to a Rule 10b5-1 trading plan.
• The shares were sold at a weighted average price of $314.4275 per share, with trades ranging from $314.31 to $314.74.
• Following this transaction, Benton directly beneficially owns 3,091 shares of common stock.
• Benton also holds 100.069 shares of phantom stock, which convert at a rate of 1.1671, representing 116.790 shares of common stock, payable upon termination of service.

Sentiment

Score: 6

Explanation: The filing reports a routine insider stock sale by a Vice President and Chief Accounting Officer. The transaction was executed pursuant to a Rule 10b5-1 plan, indicating it was pre-scheduled and not based on immediate, non-public information. The amount is relatively small for a company of SAIA's size, suggesting a neutral to slightly positive sentiment as it's a planned liquidity event.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine disclosure of an insider transaction, common across all publicly traded companies. It reflects an individual executive's stock activity rather than a broader industry trend or competitive move. The transaction was executed under a Rule 10b5-1 plan, indicating it was pre-scheduled.

Stakeholder Impact

• Shareholders: A minor increase in the float of common stock and a slight reduction in insider ownership. The sale is small relative to the company's market capitalization, so the direct impact is minimal, especially given it's a pre-scheduled 10b5-1 plan.

Key Dates

Keywords

SAIA, insider transaction, Form 4, stock sale, executive compensation, Kelly W Benton, common stock, 10b5-1 plan