Saia (SAIA) executive Benton sold 460 shares for $230K at $500.00
Insider transactions reported
Kelly W Benton (VP & Cao at Saia Inc., SAIA) reported that they sold 460 shares for $230K at $500.00, and acquired 460 shares at $277.86 on Feb 18, 2025. After these transactions the filing shows 4,287 shares held directly.
- Reporting person
- Benton Kelly W
- Role
- VP & CAO
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 18, 2025 | Exercise or conversion of a derivative (M) | Common Stock | +460 | $277.86 | $128K | 4,747 direct |
| Feb 18, 2025 | Open-market sale (S) | Common Stock | -460 | $500.00 | $230K | 4,287 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 18, 2025 | Exercise or conversion of a derivative (M) | Stock Options (Right to Buy)On 460 Common Stock1 | -460 | - | - | 0 direct |
Holdings before and after
- Stock Options (Right to Buy): 460 to 0 direct
Footnotes from the filing
- 1. 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.
- 2. The conversion rate of this derivative security on February 18, 2025 is 1.1309 resulting in 113.167 shares of common stock (underlying security in column 7).
- 3. Immediate
- 4. 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.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
FAQ
What did Benton report in this SAIA Form 4?
Kelly W Benton (VP & Cao at Saia Inc., SAIA) reported that they sold 460 shares for $230K at $500.00, and acquired 460 shares at $277.86 on Feb 18, 2025. After these transactions the filing shows 4,287 shares held directly.
How many SAIA shares does Benton hold after this filing?
The filing shows 4,287 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this SAIA insider sale made under a 10b5-1 plan?
The filing's footnotes do not mention a Rule 10b5-1 trading plan.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for SAIA
Earlier insider filings at SAIA
- Feb 13, 2025Director Epps Donna E sold $173,684 worth of shares (350 units at $496.24), decreasing direct ownership by 19% to 1,534 units (SEC Form 4)
- Feb 13, 2025SEC Form 4 filed by President & CEO Holzgrefe Frederick J Iii
- Feb 11, 2025President & CEO Holzgrefe Frederick J Iii exercised 5,534 shares at a strike of $247.87, sold $3,671,593 worth of shares (7,534 units at $487.34), was granted 8,502 shares and covered exercise/tax liability with 5,320 shares, increasing direct ownership by 7% to 17,645 units (SEC Form 4)
- Feb 11, 2025EVP & CHRO Norwood Anthony R covered exercise/tax liability with 55 shares, decreasing direct ownership by 2% to 3,261 units (SEC Form 4)
- Feb 11, 2025EVP Operations Sugar Patrick D sold $394,496 worth of shares (799 units at $493.74), exercised 427 shares at a strike of $277.86, was granted 2,142 shares and covered exercise/tax liability with 1,199 shares, increasing direct ownership by 7% to 8,376 units (SEC Form 4)
- Market cap
- 30-day
- Sector
- Industrials
- Industry
- Trucking Freight/Courier Services
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