Saia EVP sells 292 shares in open-market trade
Saia Inc executive Anthony R. Norwood reported an open-market sale of company stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Saia Inc executive Anthony R. Norwood reported an open-market sale of company stock. As EVP & CHRO, he sold 292 shares of Saia common stock at a price of $468.7700 per share. After this transaction, he directly owns 4,894 Saia shares.
Norwood also holds stock options to acquire 530 shares of Saia common stock at an exercise price of $287.7900 per share, expiring on March 2, 2029. These options were granted under a long-term incentive program, with one-third of the award vesting each year on the anniversary of the grant date.
Insider Trade Summary
Net Seller: 292 shares
Net Sell
2 txns
Insider
Norwood Anthony R
Role
EVP & CHRO
Sold
292 shs ($137K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 292 | $468.77 | $137K |
| holding | Stock Options (Right to buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,894 shares (Direct);
Stock Options (Right to buy) — 530 contracts (Direct)
Footnotes (1)
- F1. Stock Options granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the award vests each year on the anniversary of the grant date.
Key Figures
Shares sold: 292 shares
Sale price: $468.7700 per share
Shares owned after sale: 4,894 shares
+3 more
6 metrics
Shares sold
292 shares
Open-market sale of Saia common stock
Sale price
$468.7700 per share
Price for sold Saia shares
Shares owned after sale
4,894 shares
Direct Saia common stock holdings post-transaction
Option exercise price
$287.7900 per share
Strike price for Saia stock options
Option underlying shares
530 shares
Saia common shares underlying options held
Option expiration
March 2, 2029
Expiration date of Saia stock options
Key Terms
open-market sale, Stock Options (Right to buy), long-term incentive program, Compensation Committee, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for Saia common stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Stock Options (Right to buy) financial
"security_title listed as "Stock Options (Right to buy)""
long-term incentive program financial
"Stock Options granted as part of the long-term incentive program"
A long-term incentive program is a company plan that pays executives or employees rewards—often stock, options, or cash—only if the business hits performance goals over several years. It matters to investors because these payouts align managers’ interests with shareholders, encouraging decisions that boost sustained growth and share value rather than short-term gains; think of it as a multi-year bonus tied to measurable company outcomes.
Compensation Committee financial
"program approved by the Compensation Committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
vesting financial
"One-third of the award vests each year on the anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Saia (SAIA) report for Anthony R. Norwood?
Saia reported that EVP & CHRO Anthony R. Norwood sold 292 shares of common stock in an open-market transaction. The shares were sold at a reported price of $468.7700 per share, and he continues to hold additional Saia equity after the sale.
How do Anthony R. Norwood’s Saia (SAIA) options vest over time?
Norwood’s Saia stock options were granted under a long-term incentive program, with one-third of the award vesting each year. Vesting occurs annually on the anniversary of the grant date, as approved by the company’s Compensation Committee and noted in the Form 4 footnote.
What role does Anthony R. Norwood hold at Saia (SAIA)?
Anthony R. Norwood serves as Executive Vice President and Chief Human Resources Officer at Saia. His position as EVP & CHRO is disclosed in the insider report, providing context for his equity ownership and the stock transactions reported on the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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