Ward Susan F 4

What Happened
Susan F. Ward, a director of SAIA Inc. (SAIA), was granted 395 shares of phantom stock on 2026-05-04. The grant was recorded at $0.00 per share (total reported value $0). This is a compensation award (grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (timely filing).
• Grant type: Award/Grant (phantom stock) — 395 shares @ $0.00; total reported value $0.
• Shares owned after transaction: not specified in the provided report.
• Footnote: F1 — the phantom shares become payable in the Company’s common stock upon the reporting person’s termination of service as a director.
• No 10b5-1 plan, tax-withholding sale, or sale of acquired shares reported in this filing.

Context
Phantom stock awards are a form of director compensation that convert into actual shares (or their cash equivalent) under specified conditions—here, upon termination of director service. Such grants reflect compensation practices and do not by themselves signal a buy or sell decision by the insider.