SAIA (SAIA) EVP & CIO Tarak Patel awarded 425 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SAIA Inc. executive Tarak Patel reported receiving a stock grant under the company’s long-term incentive program. On 02/12/2026, he acquired 425 shares of SAIA common stock at a stated price of $0.00 per share, reflecting a restricted stock award approved by the Compensation Committee. These restricted shares vest in three equal installments on each anniversary of the grant date, aligning compensation with longer-term company performance. Following this award, Patel directly beneficially owned a total of 1,830 shares of SAIA common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patel Tarak
Role
EVP and CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 425 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,830 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SAIA (SAIA) report for Tarak Patel?
SAIA reported that EVP and CIO Tarak Patel received a grant of 425 shares of common stock on 02/12/2026. The award was issued at a stated price of $0.00 per share as part of the company’s long-term incentive compensation program.
Was the SAIA (SAIA) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a stock grant, not an open-market purchase. Code A indicates an award or other acquisition, and the 425 SAIA common shares were issued at $0.00 per share under the company’s long-term incentive program approved by the Compensation Committee.
What role does Tarak Patel hold at SAIA (SAIA) in this Form 4 filing?
In the filing, the reporting person is identified as Tarak Patel, Executive Vice President and Chief Information Officer of SAIA Inc. His status as an officer triggers ongoing reporting obligations for equity awards and other transactions in SAIA common stock.
What transaction code appears in the SAIA (SAIA) Form 4 for Tarak Patel?
The transaction is reported with code A, meaning a grant, award, or other acquisition. This code confirms the 425 SAIA common shares were issued as restricted stock compensation rather than purchased on the open market or sold into the market.