Welcome to our dedicated page for SAIA SEC filings (Ticker: SAIA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Saia, Inc. filings document the public-company disclosures of a national transportation provider built around less-than-truckload freight, non-asset or brokered truckload, expedited transportation and logistics services. Form 8-K reports furnish quarterly operating results, earnings releases, LTL shipment and tonnage data, revenue-per-shipment measures, operating ratio and conference-call transcripts under Regulation FD.
Proxy and annual-meeting filings cover director elections, advisory executive-compensation votes, auditor ratification and board governance. The company's risk disclosures address freight-cycle conditions, industry competition and pricing pressure, fuel and fuel-surcharge exposure, labor availability for drivers and terminal personnel, insurance and cargo-claim costs, technology disruption, service-geography expansion and real estate-related liabilities.
Saia Inc. President & CEO Frederick J. Holzgrefe III reported several equity transactions. On February 12, 2026, he acquired 6,594 shares of common stock as a restricted stock award at $0.00, increasing his direct holdings to 27,518 shares. One-third of this restricted award vests each year on the grant anniversary.
On February 13, 2026, he executed an open-market sale of 4,775 common shares at a weighted average price of $388.8032, leaving 22,743 directly owned shares. The sale price reflects multiple trades between $388.005 and $389.630. He also reported a transaction in 104.741 phantom stock units valued at $461.53 per unit, tied to a conversion rate that results in 8,350.974 underlying common shares. These phantom shares become payable in Saia common stock upon his termination of employment, under the company plan.
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.
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.
Saia Inc. executive Kelly W. Benton reported two transactions in company stock. On February 12, 2026, Benton received a grant of 498 shares of common stock at $0.00 as restricted shares under a long-term incentive program, increasing direct holdings to 3,957 shares. One-third of this restricted stock vests each year on the grant anniversary.
On February 13, 2026, Benton executed an open-market sale of 800 common shares at $389 per share, leaving 3,157 shares of common stock held directly. Benton also holds 100.069 units of phantom stock, which convert at a rate that on February 12, 2026 equated to 115.419 shares of common stock and become payable in stock upon termination of employment under the plan.
SAIA executive vice president of operations Patrick D. Sugar reported both a stock grant and a share sale. On February 12, 2026, he acquired 2,085 shares of common stock at $0.00 as a restricted share award under the long-term incentive program, which vests in thirds annually. On February 13, 2026, he sold 2,706 shares of common stock in an open-market transaction at $386.7401 per share, leaving him with 9,121 common shares held directly. He also holds 1,115.837 phantom stock units, which are payable in common stock upon termination of employment under the plan.
Saia Inc. executive Norwood Anthony R, EVP & CHRO, reported an equity grant. On 02/12/2026, he acquired 1,015 shares of Saia common stock as a grant at a price of $0.00 per share, bringing his directly held common shares to 5,186.
He also reported stock options covering 530 shares of common stock with a $287.79 exercise price, expiring on 03/02/2029. Both the restricted shares and options were granted under the long-term incentive program, with one‑third of each award vesting annually on the grant date anniversary.
Saia executive Raymond R. Ramu reported multiple equity transactions. On February 12, 2026, he acquired 2,299 shares of common stock as a restricted stock grant at $0.00 per share under the company’s long-term incentive program, with one-third vesting each year on the grant anniversary.
On February 13, 2026, he completed two open-market sales of Saia common stock: 3,709 shares at a weighted average price of $387.7345, and 1,517 shares at a weighted average price of $388.4764. Following these sales, he directly held 3,631 shares of common stock. He also held 8,494.794 phantom stock units, which, at a conversion rate of 1.1534 as of February 12, 2026, correspond to 9,797.849 shares of common stock and become payable in stock upon termination of employment.
Saia, Inc. discussed fourth quarter and full-year 2025 results, highlighting a year of heavy investment and a softer freight backdrop. Q4 2025 revenue was $790.0 million, essentially flat year over year, but the operating ratio worsened to 91.9% from 87.1% as self‑insurance, health benefits and depreciation costs rose. Diluted EPS declined to $1.77 from $2.84.
For full-year 2025, revenue grew 0.8% with operating income of $352.2 million and adjusted operating income of $337.7 million. The operating ratio deteriorated 410 basis points to 89.1% (89.6% adjusted) despite record capital investments of more than $2.0 billion over three years to build a national LTL network and modernize the fleet.
Management emphasized safety and quality gains, including a record cargo claims ratio of 0.50% for the year, a 21% reduction in preventable accident frequency and a 10% decline in lost‑time injuries. Newly opened terminals, 39 since 2022, operated profitably in aggregate and the 21 terminals opened in 2024 are estimated to have added about 80 basis points of revenue market share. Debt fell to roughly $164 million, down from $200 million, and leadership targets 100–200 basis points of operating‑ratio improvement in 2026 as the national network scales and pricing better reflects inflation and prior capital deployment.
SAIA Inc. received an amended Schedule 13G reporting that investment manager Viking Global Investors LP and affiliated funds collectively beneficially own 1,088,582 shares of SAIA common stock, representing 4.1% of the outstanding shares. The position is held through multiple Viking entities, including Viking Global Equities II, Viking Global Equities Master, Viking Long Fund Master and Viking Global Opportunities Liquid Portfolio Sub-Master. None of the Viking entities or individual executives has sole voting or dispositive power; all authority over these shares is shared across the Viking structure. The ownership percentages are based on 26,642,641 SAIA shares outstanding as of October 28, 2025, and the filing confirms the securities are not held to change or influence control of SAIA.
Saia, Inc. shareholder The Di-Ann Eisnor Revocable Trust filed a Rule 144 notice to sell 500 shares of Saia common stock through Wells Fargo Clearing Services on or around February 17, 2026, with an indicated aggregate market value of $194,939.80 on Nasdaq.
These 500 shares were acquired as compensation from the issuer on May 2, 2024. The trust also sold 297 Saia shares in the past three months, generating $100,008.81 in gross proceeds, as disclosed in the same Rule 144 notice.