WARD JEFFREY C 4

What Happened

• Jeffrey C. Ward, a director of SAIA Inc. (SAIA), received an award of 642 phantom shares (derivative securities) on 2026-05-04. The grant shows an acquisition price of $0.00 per share, indicating no cash purchase.

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (timely filing).
• Transaction type/code: Award/Grant (A) of derivative securities (phantom stock).
• Shares granted: 642 phantom shares; acquisition price reported as $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote: The phantom shares become payable in the company’s common stock upon the reporting person’s termination of service as a Director.

Context

• This was an award of phantom (deferred) stock, not an open-market purchase or sale. Phantom shares generally convert to actual shares (or cash tied to share value) under specified conditions — here, payable in common stock on the director’s termination per the footnote. Such grants are common for director compensation and do not by themselves indicate a buy/sell view of the stock.