SUGAR PATRICK D 4

What Happened

• Patrick D. Sugar, EVP Operations of SAIA Inc. (SAIA), had 204 shares withheld on March 9, 2026 to cover tax liabilities associated with the vesting of restricted shares. The withholding was recorded at $368.78 per share, totaling approximately $75,231. This was a tax-withholding disposal (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: March 9, 2026 — 204 shares withheld at $368.78 per share (total ≈ $75,231).
• Transaction type: F (shares withheld to cover tax liabilities upon vesting of restricted shares).
• Shares owned after transaction: not specified in the disclosed extract.
• Filing timeliness: Reported on March 11, 2026 (reporting period 2026-03-09); filing appears timely (no late-file indication).
• Notable footnotes:
  • F1: Shares were withheld at the officer's election to cover taxes from restricted-share vesting awarded in March 2021.
  • F2–F4: The filing references a derivative/phantom stock conversion (conversion rate 1.1514 → 1,284.770 underlying shares) and notes phantom shares become payable in common stock upon termination per the plan; the withholding here relates to vested restricted shares.

Context

• This was a tax-related withholding (routine administrative disposal) rather than a market sale or a directional trade by the insider. Such withholdings are common when restricted stock vests and do not necessarily signal the insider’s view on the company’s prospects.