Norwood Anthony R 4
4 · SAIA INC · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
SAIA EVP & CHRO Anthony Norwood Receives Award, Shares Withheld
What Happened
- Anthony R. Norwood, EVP & CHRO of SAIA (SAIA), was issued 898 performance unit shares (no cash price) on 2026-02-09 and had a total of 341 shares withheld to cover tax liabilities in transactions on 2026-02-06 and 2026-02-09. The withheld shares were surrendered (not sold in the open market) — 36 shares @ $415.46 (value $14,957) on 2/6, and 49 shares @ $409.60 (value $20,070) plus 256 shares @ $409.60 (value $104,858) on 2/9. Combined value of shares withheld ≈ $139,885.
Key Details
- Transaction dates and amounts:
- 2026-02-06: 36 shares withheld @ $415.46 = $14,957 (tax withholding related to Feb 2024 restricted shares) [F1].
- 2026-02-09: 898 performance unit shares issued @ $0 (Performance Unit Awards for 1/1/23–12/31/25) [F2].
- 2026-02-09: 49 shares withheld @ $409.60 = $20,070 (tax withholding related to Feb 2023 restricted shares) [F3].
- 2026-02-09: 256 shares withheld @ $409.60 = $104,858 (tax withholding on issuance of performance units) [F4].
- Total shares withheld (disposed) = 341; total value surrendered ≈ $139,885.
- Shares owned after the transactions: not provided in the supplied data.
- Filing: Form 4 filed 2026-02-10 covering transactions on Feb 6 and Feb 9, 2026.
- Relevant footnotes: withholding reflects officer election to cover tax liabilities on vested/issued awards; performance units were issued under the 2018 Omnibus Incentive Plan. (The filing also references typical option grant vesting terms [F5], though no option exercise is reported here.)
Context
- These transactions are compensation-related: Norwood received performance unit awards and used company share withholding to satisfy tax obligations (a routine cashless withholding), not an open-market sale. Such withholdings are standard corporate practice and do not necessarily indicate a change in the insider’s view of the stock. Purchases or open-market sales would be more directly informative about an insider’s trading sentiment.
Insider Transaction Report
Form 4
SAIA INCSAIA
Norwood Anthony R
EVP & CHRO
Transactions
- Tax Payment
Common Stock
[F1]2026-02-06$415.46/sh−36$14,957→ 3,578 total - Award
Common Stock
[F2]2026-02-09+898→ 4,476 total - Tax Payment
Common Stock
[F3]2026-02-09$409.60/sh−49$20,070→ 4,427 total - Tax Payment
Common Stock
[F4]2026-02-09$409.60/sh−256$104,858→ 4,171 total
Holdings
- 530
Stock Options (Right to buy)
[F5]Exercise: $287.79Exp: 2029-03-02→ Common Stock (530 underlying)
Footnotes (5)
- [F1]Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2024.
- [F2]Issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/23-12/31/25 performance period.
- [F3]Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2023.
- [F4]Shares withheld at officer's election to cover tax liabilities incurred upon the issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/23-12/31/25 performance period.
- [F5]Stock Options granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the award vests each year on the anniversary of the grant date.
Signature
/s/ Kelly W. Benton|2026-02-10