A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 12 filings in this group are Form 4s for Saia, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 12 insider filings shown, the breakdown is 9 compensation award, 1 gift, 1 other reported transaction and 1 open-market sale. 1 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Open-market sale
Insider Selling
2026-05-21
SAIA insider Norwood Anthony R (EVP & CHRO) sold 292 shares (~$136.9K)
Norwood Anthony R, listed as EVP & CHRO at SAIA INC, reported an open-market sale of 292 SAIA shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
292 |
$468.77 |
$136.9K |
Filing: Form 4 (Insider Transaction)
Insider: Norwood Anthony R (EVP & CHRO)
Shares: 292
Est. Value: $136.9K
Form 4
Other reported transaction
Tax / Compensation Filing
2026-05-15
SAIA insider Form 4 filed for equity award, exercise, or tax withholding
HOLZGREFE FREDERICK J III (President & CEO) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
The filing reports a transaction type that does not map to a routine purchase, sale, award or withholding.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
J |
Other transaction
|
10,000 |
$431.42 |
$4.31M |
J |
Other transaction
|
10,000 |
$431.42 |
$4.31M |
Filing: Form 4 (Insider Transaction)
Insider: HOLZGREFE FREDERICK J III (President & CEO)
Shares: 20,000
Form 4
Gift
Tax / Compensation Filing
2026-05-13
SAIA insider Form 4 filed for equity award, exercise, or tax withholding
HOLZGREFE FREDERICK J III (President & CEO) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were transferred as a gift, typically for estate or charitable planning. No sale into the market took place.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
G |
Gift
|
10,000 |
— |
— |
G |
Gift
|
10,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: HOLZGREFE FREDERICK J III (President & CEO)
Shares: 20,000
Form 4
Compensation award
Tax / Compensation Filing
2026-05-06
SAIA insider Form 4 filed for equity award, exercise, or tax withholding
WARD JEFFREY C (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Phantom Stock
|
642 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: WARD JEFFREY C (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-05-06
SAIA insider Form 4 filed for equity award, exercise, or tax withholding
Melville Randolph W (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Phantom Stock
|
395 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Melville Randolph W (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-05-06
SAIA insider Form 4 filed for equity award, exercise, or tax withholding
HENRY KEVIN A (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Phantom Stock
|
623 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: HENRY KEVIN A (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-05-06
SAIA insider Form 4 filed for equity award, exercise, or tax withholding
GAINOR JOHN P JR (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Phantom Stock
|
395 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: GAINOR JOHN P JR (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-05-06
SAIA insider Form 4 filed for equity award, exercise, or tax withholding
EPPS DONNA E (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Phantom Stock
|
395 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: EPPS DONNA E (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-05-06
SAIA insider Form 4 filed for equity award, exercise, or tax withholding
Ward Susan F (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
395 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Ward Susan F (Director)
Shares: 395
Form 4
Compensation award
Tax / Compensation Filing
2026-05-06
SAIA insider Form 4 filed for equity award, exercise, or tax withholding
ODELL RICHARD D (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
395 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: ODELL RICHARD D (Director)
Shares: 395
Form 4
Compensation award
Tax / Compensation Filing
2026-05-06
SAIA insider Form 4 filed for equity award, exercise, or tax withholding
James Donald R (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
395 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: James Donald R (Director)
Shares: 395
Form 4
Compensation award
Tax / Compensation Filing
2026-05-06
SAIA insider Form 4 filed for equity award, exercise, or tax withholding
EISNOR DI-ANN (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
660 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: EISNOR DI-ANN (Director)
Shares: 660