Patel Tarak 4

What Happened

Tarak Patel, Executive Vice President and Chief Information Officer of SAIA Inc. (SAIA), was granted 425 restricted shares on 2026-02-12. The Form 4 reports an acquisition (code A) at $0.00 per share (award), so no cash was paid for the shares. This is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-12 (reported on Form 4 filed 2026-02-17). Filing was timely under the two-business-day rule.
• Transaction type/code: Grant/award (A).
• Shares granted: 425; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnote: These are restricted shares granted under the long‑term incentive program; one‑third of the award vests each year on the anniversary of the grant (see F1).
• No 10b5-1 plan, gift, or option exercise noted.

Context

Restricted stock grants are a form of compensation and typically vest over time (here, three annual vesting installments). Such awards reflect company compensation policy and do not by themselves indicate immediate insider buying or selling pressure.