Saia (NASDAQ: SAIA) CFO trades stock, exercises options
Rhea-AI Filing Summary
Saia Inc.’s Chief Financial Officer Matthew J. Batteh reported multiple equity transactions and awards. On February 12, 2026, he received 1,658 shares of common stock at $0.00 as restricted stock under a long‑term incentive plan, bringing his holdings to 5,360 shares. That same day, he exercised 1,110 stock options at an exercise price of $100.20 per share and acquired an equal number of common shares, then sold 1,110 shares in an open‑market transaction at an average price of $375.7094, leaving 5,360 shares outstanding.
On February 13, 2026, he made additional open‑market sales of 766 shares at $388.9401 and 150 shares at a weighted average of $389.504, reducing his directly held common stock to 4,444 shares. He also holds phantom stock units equivalent to 278.69 shares and stock options for 470 and 500 shares expiring in 2029 and 2028, respectively, which continue to vest annually under the company’s long‑term incentive program.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 766 | $388.9401 | $298K |
| Sale | Common Stock | 150 | $389.504 | $58K |
| Exercise | Stock Options (Right to Buy) | 1,110 | $0.00 | -- |
| Grant/Award | Common Stock | 1,658 | $0.00 | -- |
| Exercise | Common Stock | 1,110 | $100.20 | $111K |
| Sale | Common Stock | 1,110 | $375.7094 | $417K |
| holding | Phantom Stock | -- | -- | -- |
| holding | Stock Options (Right to buy) | -- | -- | -- |
| holding | Stock Options (Right to buy) | -- | -- | -- |
Footnotes (1)
- Restricted shares granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the restricted stock award vests each year on the anniversary of the grant date. This transaction was executed in multiple trades at prices ranging from $389.50 USD to $389.53 USD; the price reported above reflects the weighted average sale price. 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. The conversion rate of this derivative security on February 12, 2026 is 1.1534 resulting in 321.437 shares of common stock (underlying security in column 7). Immediate 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.
