EPPS DONNA E 4

What Happened Donna E. Epps, a member of SAIA Inc.'s board of directors, was granted a derivative award of 395 phantom shares on May 4, 2026. The grant is reported at $0.00 per share (no cash purchase); it is a compensation award rather than an open-market purchase or sale. Per the filing, the phantom shares become payable in SAIA common stock when Ms. Epps' service as a director terminates.

Key Details

• Transaction date: May 4, 2026; Form 4 filed May 6, 2026.
• Transaction code: A (award/grant or other acquisition).
• Shares involved: 395 phantom shares; reported price: $0.00; reported dollar amount: $0 (derivative).
• 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.
• Timeliness: Filing reports the May 4 award on May 6, 2026 (appears to be timely under Form 4 rules).

Context Phantom stock awards are a form of deferred compensation that do not immediately transfer tradable shares; they typically convert to common stock (or cash tied to share value) upon a future event (here, director service termination). Such grants are common for non-employee directors as part of compensation and do not necessarily signal immediate buying or selling intent by the insider.