Saia CEO gifts 20,000 shares in estate move
Saia, Inc. President & CEO Frederick J. Holzgrefe III reported estate-planning moves involving company stock.
Rhea-AI Filing Summary
Saia, Inc. President & CEO Frederick J. Holzgrefe III reported estate-planning moves involving company stock. On May 11, 2026, he made two bona fide gift transfers totaling 20,000 shares of Saia common stock, rather than selling shares in the market.
Footnotes state that 10,000 directly owned shares were contributed to TCCE Global, LLC, an entity he manages with his wife. After these gifts, he reports 12,743 common shares held directly and 10,000 shares held indirectly via the LLC. He also holds 7,240.255 phantom stock units, which are payable in common stock upon his termination of employment under the plan terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,000 shares gifted
Gift
3 txns
Insider
HOLZGREFE FREDERICK J III
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 10,000 | $0.00 | $0.00 |
| Gift | Common Stock | 10,000 | $0.00 | $0.00 |
| holding | Phantom Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,743 shares (Direct);
Common Stock — 10,000 shares (Indirect, By LLC);
Phantom Stock — 7,240.255 contracts (Direct)
Footnotes (4)
- F1. On May 11, 2026, in accordance with the Reporting Person's estate planning strategy, the Reporting Person contributed 10,000 directly owned shares of Saia, Inc. common stock to TCCE Global, LLC (the "LLC"). The Reporting Person serves as the manager of the LLC, and the Reporting Person and his wife own all of the outstanding voting interests of the LLC.
- F2. The conversion rate of this derivative security on May 11, 2026 is 1.1461 resulting in 8,298.094 shares of common stock (underlying security in column 7).
- F3. Immediate
- F4. The shares of phantom stock become payable in the Company's common stock upon reporting person's termination of service as an employee, in accordance with the terms of the Plan.
Key Figures
Total gifted shares: 20,000 shares
Direct gift to LLC: 10,000 shares
Direct holdings after gift: 12,743 shares
+3 more
6 metrics
Total gifted shares
20,000 shares
Bona fide gifts of Saia common stock on May 11, 2026
Direct gift to LLC
10,000 shares
Directly owned shares contributed to TCCE Global, LLC for estate planning
Direct holdings after gift
12,743 shares
Common stock held directly following reported transactions
Indirect holdings via LLC
10,000 shares
Common stock held indirectly through TCCE Global, LLC after contribution
Phantom stock units
7,240.255 units
Phantom stock tied to Saia common stock, payable at termination
Gift transaction price
$0.00 per share
Reported transaction price for bona fide gifts of common stock
Key Terms
Phantom Stock, bona fide gift, indirect, estate planning strategy
4 terms
Phantom Stock financial
"The shares of phantom stock become payable in the Company's common stock upon reporting person's termination of service"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirect financial
""direct_or_indirect": "I","nature_of_ownership": "By LLC""
estate planning strategy financial
"in accordance with the Reporting Person's estate planning strategy, the Reporting Person contributed 10,000 directly owned shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Saia (SAIA) CEO report on May 11, 2026?
Saia CEO Frederick J. Holzgrefe III reported two bona fide gifts totaling 20,000 common shares. These were non-market transfers, including a contribution of directly owned shares to an LLC as part of his estate planning strategy.
What phantom stock position does the Saia (SAIA) CEO report?
The CEO reports 7,240.255 phantom stock units linked to Saia common stock. According to the plan terms, these phantom stock units become payable in Saia common shares when his employment with the company terminates.
Is the Saia (SAIA) CEO’s Form 4 transaction a market sale or purchase?
The Form 4 shows no market sale or purchase by the CEO. Instead, it reports two bona fide gift transactions coded “G”, which are non-market disposals of shares, including a contribution to an LLC for estate planning.
What role does TCCE Global, LLC play in the Saia (SAIA) Form 4 filing?
TCCE Global, LLC is an entity used in the CEO’s estate planning. He contributed 10,000 directly owned Saia shares to the LLC, where he serves as manager and, with his wife, owns all of the outstanding voting interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
