Batteh Matthew J 4
4 · SAIA INC · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
SAIA CFO Matthew Batteh Withholds 91 Shares for Taxes
What Happened
Matthew J. Batteh, Chief Financial Officer of SAIA Inc. (SAIA), had 91 shares of common stock withheld on February 5, 2026 to cover tax liabilities tied to the vesting of restricted shares. The withholding was recorded at $404.75 per share, for a total value of $36,832. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-05; Filing date: 2026-02-09 (filed timely).
- Withheld: 91 shares at $404.75 per share; total value reported $36,832.
- Transaction code: F (shares withheld to satisfy tax withholding obligations).
- Footnote F1: Shares were withheld at the officer’s election to cover taxes from restricted shares awarded in February 2025.
- Footnote F2: A derivative conversion rate on Feb 5, 2026 is 1.1534, resulting in 321.429 underlying common shares (as noted in the filing).
- Shares owned after transaction: not specified in the provided excerpt.
Context
Tax-withholding withholdings are routine and do not indicate a directional purchase or sale intent in the market — they simply satisfy tax obligations arising from equity awards. The filing indicates these were not open-market sales; they are internal withholdings tied to vested restricted stock.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-05$404.75/sh−91$36,832→ 3,235 total
- 278.69
Phantom Stock
[F2][F3][F4]→ Common Stock (278.69 underlying) - 470
Stock Options (Right to buy)
[F5]Exercise: $277.86Exp: 2029-02-07→ Common Stock (470 underlying) - 500
Stock Options (Right to buy)
[F5]Exercise: $200.81Exp: 2028-02-11→ Common Stock (500 underlying) - 1,110
Stock Options (Right to buy)
[F5]Exercise: $100.20Exp: 2027-02-06→ Common Stock (1,110 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 2025.
- [F2]The conversion rate of this derivative security on February 5, 2026 is 1.1534 resulting in 321.429 shares of common stock (underlying security in column 7).
- [F3]Immediate
- [F4]The shares of phantom stock become payable in the Company's common stock upon reporting person's termination of service as an employee, in accordance with the terms of the Plan.
- [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.