Norwood Anthony R 4

What Happened
Anthony R. Norwood, Executive Vice President & Chief Human Resources Officer of SAIA Inc. (SAIA), was granted 1,015 restricted shares on February 12, 2026. The Form 4 reports the shares were acquired at $0.00 (i.e., a grant/award rather than a purchase), with a reported acquisition value of $0.

Key Details

• Transaction date: 2026-02-12 (reported on Form 4 filed 2026-02-17).
• Transaction type/code: Award/Grant (A).
• Shares granted: 1,015; Price reported: $0.00; Reported total value: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes in the filing:
  • F1: These are restricted shares granted under the Compensation Committee–approved long-term incentive program; one-third of the restricted stock award vests each year on the anniversary of the grant.
  • F2 (also present in the filing): Describes stock option grants under the same LTI program (one-third vesting annually) — relevant to the plan but not this specific restricted-stock grant.
• Filing timing: Form 4 was filed on 2026-02-17, five calendar days after the Feb 12 transaction. SEC Form 4s are typically due within 2 business days, so this filing falls outside that standard window.

Context
This was a compensation-related grant of restricted stock (not a market purchase or sale). Restricted shares generally vest over time (here, one-third per year), so they reflect long-term pay incentives rather than an immediate trade signal. For retail investors, awards like this are routine executive compensation disclosures and do not, by themselves, indicate buying or selling sentiment.