Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-17

Saia Inc (SAIA)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,312,241
Frederick Holzgrefe total, FY2025
64th
CEO pay percentile vs peers
94:1
CEO-to-median pay ratio
98.19%
Say-on-pay support, latest vote
Companies that benchmark against SAIA
11 companies name SAIA as a compensation peer

Each company listed discloses SAIA in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named SAIA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Frederick Holzgrefe$980,000$0$5,176,716$0$0$0$155,525$6,312,241
President & Chief Executive Officer
Raymond Ramu614,60001,659,43100097,6532,371,684
Executive Vice President & Chief Customer Officer
Patrick Sugar542,40001,464,55300081,2882,088,241
Executive Vice President Operations
Matthew Batteh522,0000918,88800058,9041,499,792
Executive Vice President & Chief Financial Officer
Anthony Norwood436,7000640,15000063,6161,140,466
Executive Vice President & Chief Human Resources Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Frederick Holzgrefe$6,312,241$5,263,064$5,730,859+1,049,177
Raymond Ramu2,371,6842,171,9022,656,963+199,782
Patrick Sugar2,088,2411,874,2712,280,611+213,970
Matthew Batteh1,499,7921,312,845+186,947
Anthony Norwood1,140,466875,9141,060,929+264,552

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Raymond RamuPSU2025-02-053511,4052,810$952,702
Matthew BattehRSU2025-02-05778391,342
Matthew BattehPSU2025-02-051957781,556527,546
Frederick HolzgrefePSU2025-02-051,0964,3838,7662,972,025
Frederick HolzgrefeRSU2025-02-054,3832,204,693
Anthony NorwoodRSU2025-02-05542272,631
Anthony NorwoodPSU2025-02-051365421,084367,519
Raymond RamuRSU2025-02-051,405706,729
Patrick SugarPSU2025-02-053101,2402,480840,819
Patrick SugarRSU2025-02-051,240623,732
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Raymond Ramu$706,729$952,702$057.4%
Matthew Batteh391,342527,546057.4%
Frederick Holzgrefe2,204,6932,972,025057.4%
Anthony Norwood272,631367,519057.4%
Patrick Sugar623,732840,819057.4%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Frederick HolzgrefePSU24,400$7,967,088
Raymond RamuPSU8,9762,930,844
Frederick HolzgrefeRSU8,0292,621,629
Patrick SugarPSU7,7922,544,244
Patrick SugarRSU2,905948,541
Matthew BattehPSU2,852931,235
Raymond RamuRSU2,806916,215
Anthony NorwoodPSU2,696880,298
Matthew BattehRSU2,437795,729
Anthony NorwoodRSU2,290747,731
05

Incentive-plan design — the Compensation Discussion & Analysis

The Committee believes the executive compensation program should align with stockholder interests, be competitive and market-based, reflect our performance philosophy and balance short- and long-term performance. The program links a significant portion of compensation to stock performance and the achievement of objectives that contribute to overall company success.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantMercer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-2924,885,783457,62621,00398.19%Passed
20252025-04-2424,657,144789,6789,79096.9%Passed
20242024-04-2524,509,323839,22016,93596.62%Passed
20232023-04-2724,279,4651,038,79520,22595.9%Passed
20222022-04-2923,659,2911,313,31015,15794.68%Passed
20212021-04-2724,500,694514,36961,23097.7%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-2998.19%a
20252025-04-2496.9%b
20242024-04-2596.62%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will have the effect of votes "AGAINST" the proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)94 : 1
CEO total compensation
Median employee compensation$67,163
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Richard D. O'DellNot independent · Board Chair · Executive Vice President and Chief People Officer at PulteGroup, Inc. (Chair)$200,000$76,371$276,371
Randolph W. MelvilleIndependent · Lead Independent Director · Compensation and Human Capital · Nominating and Governance120,00076,371196,371
Di-Ann EisnorIndependent · Audit · Compensation and Human Capital (Chair)0183,963183,963
Susan F. WardIndependent · Audit (Chair)100,00076,371176,371
Jeffrey C. WardIndependent · Compensation and Human Capital · Nominating and Governance (Chair)0176,277176,277
Donald R. JamesIndependent · Audit · Nominating and Governance92,50076,371168,871
Donna E. EppsIndependent · Audit · Nominating and Governance92,50076,371168,871
Kevin A. HenryIndependent · Audit · Compensation and Human Capital0168,832168,832
John P. Gainor JrIndependent · Compensation and Human Capital · Nominating and Governance0166,431166,431
Frederick J. Holzgrefe IIIEmployee director0
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$160,000
Per board meeting fee$0
Committee chair fees (audit / comp / nom-gov)15,000 / 15,000 / 10,000
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$605,000
Equity awards (grant-date value)$1,077,358
All other compensation$0
Total cost of the board$1,682,358

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Saia Inc names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Saia Inc.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Norfolk Southern Corporation2025Christopher Womack$1,560,577$13,830,054$0$3,665,025$28,223,562
2FedEx Corporation2026Rajesh Subramaniam1,550,0006,731,3643,715,06210,593,50027,554,018
3United Parcel Service, Inc.2025Carol Tomé1,509,71317,550,5461,358,7542,264,56922,878,788
4Union Pacific Corporation2025V. James Vena1,475,0009,000,1306,000,0033,437,25020,296,362
5XPO, Inc.2025Mario Harik872,1989,876,76001,236,90612,001,545
6CSX Corporation2025Stephen Angel386,3645,385,3425,248,065513,86311,711,612
7Old Dominion Freight Line, Inc.2025Kevin Freeman1,033,6802,377,60608,167,84711,615,896
8CH Robinson Worldwide, Inc.2025David Bozeman1,100,9626,984,38302,879,61811,045,949
9Rush Enterprises, Inc.2025W.M. Rush1,762,8033,786,300665,350010,224,299
10Ryder System, Inc.2025Robert Sanchez1,100,0017,159,49501,675,89410,178,386
11Expeditors International of Washington, Inc.2025Daniel Wall100,0005,940,13403,600,7299,643,863
12J.B. Hunt Transport Services, Inc.2025Shelley Simpson961,3856,927,52901,067,4219,004,371
13GXO Logistics, Inc.2025Patrick Kelleher239,6156,506,536060,2267,628,275
14Schneider National, Inc.2025Mark Rourke1,000,0005,704,1740569,1207,380,101
15Matson, Inc.2025Matthew Cox963,6964,016,5071,231,3446,490,287
16Saia Inc2025Frederick Holzgrefe980,0005,176,716006,312,241
17Werner Enterprises, Inc.2025Derek Leathers974,0774,200,0000745,1066,048,549
18Forward Air Corporation2025Shawn Stewart900,0004,037,9900617,4005,561,309
19Knight-Swift Transportation Holdings Inc.2025Adam Miller950,0003,242,667803,1305,011,329
20Landstar System, Inc.2025Frank Lonegro800,0003,473,0490210,0004,574,887
21Hub Group, Inc.2024Phillip Yeager850,0002,400,342552,5003,964,450
22Universal Logistics Holdings2025Tim Phillips700,180175,020001,193,811
23Marten Transport, Ltd.2025Randolph Marten801,483342,998001,154,303
24Heartland Express, Inc.2025Michael Gerdin1,050,0000001,070,362
Air Transport Services Group, Inc.not in coverage universe
ArcBest Corporationnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Saia Incnot disclosedPSU 50 · Restricted Stock 50not disclosedMercer
Air Transport Services Group, Inc.not disclosednot disclosednot disclosednot disclosed
ArcBest Corporationnot disclosednot disclosednot disclosednot disclosed
CH Robinson Worldwide, Inc.171%PSU 60 · RSU 40NoSemler Brossy
CSX Corporationnot disclosedPSU 60 · Option 20 · RSU 20not disclosedPay Governance, LLC
Expeditors International of Washington, Inc.not disclosedPSU 50 · RSU 50NoMeridian Compensation Partners, LLC
FedEx Corporation112.5%not disclosedYes — Relative TSR (FY24-FY26 LTI Cash Plan)Meridian Compensation Partners, LLC
Forward Air Corporation68%PSU 60 · RSU 40Yes — Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
GXO Logistics, Inc.not disclosednot disclosedYes — Relative Total Shareholder Return (rTSR) compared to the S&P MidCap 400 IndexF.W. Cook
Heartland Express, Inc.not disclosedRestricted Stock 100not disclosednot disclosed
Hub Group, Inc.not disclosedPRSU 50 · RSU 50not disclosedAon
J.B. Hunt Transport Services, Inc.not disclosednot disclosedNoMeridian Compensation Partners, LLC
Knight-Swift Transportation Holdings Inc.not disclosedPRSU 60 · RSU 40not disclosedPearl Meyer
Landstar System, Inc.not disclosednot disclosednot disclosedFW Cook; Compensation Strategies, Inc.
Marten Transport, Ltd.not disclosednot disclosednot disclosedGrant Thornton LLP
Matson, Inc.not disclosedRSU 50 · PSU 50not disclosedPay Governance LLC
Norfolk Southern Corporation179%PSU 75 · RSU 25Yes — Relative TSRPay Governance LLC
Old Dominion Freight Line, Inc.not disclosednot disclosedYes — Three-year relative TSR compared to companies in the Dow Jones Transportation AveragePearl Meyer
Rush Enterprises, Inc.not disclosednot disclosednot disclosedCompensation Advisory Partners LLC
Ryder System, Inc.90%PSU 60 · RSU 40NoFW Cook
Schneider National, Inc.not disclosedPSU 60 · RSU 40not disclosedFrederic W. Cook & Co, Inc.
Union Pacific Corporation138%PSU 60 · Options 40NoPay Governance
United Parcel Service, Inc.75%PSU 93 · Options 7Yes — Relative Total Shareowner Return (RTSR)FW Cook
Universal Logistics Holdingsnot disclosedRSU 100not disclosedCannot be determined from provided text
Werner Enterprises, Inc.not disclosedRestricted Stock 50 · Performance Stock 50not disclosedFrederic W. Cook & Co.
XPO, Inc.not disclosedPSU 80 · RSU 20not disclosedExequity LLP

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Frederick HolzgrefeDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation”. As printed: 6,312,241. Filing ↗machine: r2 · c19 · span 1046323–1046332
2Section 01, Raymond RamuDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation”. As printed: 2,371,684. Filing ↗machine: r7 · c19 · span 1084106–1084115
3Section 01, Patrick SugarDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation”. As printed: 2,088,241. Filing ↗machine: r10 · c19 · span 1107023–1107032
4Section 01, Matthew BattehDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation”. As printed: 1,499,792. Filing ↗machine: r5 · c19 · span 1068589–1068598
5Section 01, Anthony NorwoodDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation”. As printed: 1,140,466. Filing ↗machine: r13 · c19 · span 1129922–1129931
6Section 03, Raymond Ramu PSUDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1266600–1266607
7Section 03, Matthew Batteh RSUDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1250774–1250781
8Section 03, Matthew Batteh PSUDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1242806–1242813
9Section 03, Frederick Holzgrefe PSUDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1219007–1219016
10Section 03, Frederick Holzgrefe RSUDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1226979–1226988
11Section 03, Anthony Norwood RSUDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1322069–1322076
12Section 03, Anthony Norwood PSUDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1314147–1314154
13Section 03, Raymond Ramu RSUDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1274570–1274577
14Section 03, Patrick Sugar PSUDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1290397–1290404
15Section 03, Patrick Sugar RSUDEF 14A2026-03-160001193125-26-107135Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1298367–1298374
16Section 07, pay ratioDEF 14A2026-03-160001193125-26-107135Section “CEO Pay Ratio”. As printed: 94 : 1. Filing ↗
17Section 08, Richard D. O'DellDEF 14A2026-03-160001193125-26-107135Section “Director Compensation”. As printed: 276,371. Filing ↗machine: span 413751–413758
18Section 08, Randolph W. MelvilleDEF 14A2026-03-160001193125-26-107135Section “Director Compensation”. As printed: 196,371. Filing ↗machine: span 410595–410602
19Section 08, Di-Ann EisnorDEF 14A2026-03-160001193125-26-107135Section “Director Compensation”. As printed: 183,963. Filing ↗machine: span 394521–394528
20Section 08, Susan F. WardDEF 14A2026-03-160001193125-26-107135Section “Director Compensation”. As printed: 176,371. Filing ↗machine: span 420207–420214
21Section 08, Jeffrey C. WardDEF 14A2026-03-160001193125-26-107135Section “Director Compensation”. As printed: 176,277. Filing ↗machine: span 416304–416311
22Section 08, Donald R. JamesDEF 14A2026-03-160001193125-26-107135Section “Director Compensation”. As printed: 168,871. Filing ↗machine: span 407436–407443
23Section 08, Donna E. EppsDEF 14A2026-03-160001193125-26-107135Section “Director Compensation”. As printed: 168,871. Filing ↗machine: span 397672–397679
24Section 08, Kevin A. HenryDEF 14A2026-03-160001193125-26-107135Section “Director Compensation”. As printed: 168,832. Filing ↗machine: span 403532–403539
25Section 08, John P. Gainor JrDEF 14A2026-03-160001193125-26-107135Section “Director Compensation”. As printed: 166,431. Filing ↗machine: span 400229–400236
26Section 08, Frederick J. Holzgrefe IIIDEF 14A2026-03-160001193125-26-107135Section “Director Compensation”. As printed: 0. Filing ↗
27Section 06, 2026 voteForm 8-K2026-05-050001193125-26-206817Item 5.07 · say-on-pay result. As reported: 98.19% (votes for as printed: 24,885,783). Filing ↗
28Section 06, 2025 voteForm 8-K2025-04-300000950170-25-061075Item 5.07 · say-on-pay result. As reported: 96.9% (votes for as printed: 24,657,144). Filing ↗
29Section 06, 2024 voteForm 8-K2024-05-010000950170-24-051352Item 5.07 · say-on-pay result. As reported: 96.62% (votes for as printed: 24,509,323). Filing ↗
30Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
31Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
32Section 09b board cost (computed)ComputedcomputedCash 605,000 + equity 1,077,358 + all other 0 = 1,682,358, summed across the director compensation table rows.machine: formula: Σ = 1,682,358
33Norfolk Southern Corporation, Section 10b CEO totalDEF 14A2026-04-030000092122-26-000028CEO total compensation as printed in Norfolk Southern Corporation's own proxy. As printed: 28,223,562. Filing ↗machine: r2 · c21 · span 1349281–1349291
34FedEx Corporation, Section 10b CEO totalDEF 14A2026-08-170001104659-26-097836CEO total compensation as printed in FedEx Corporation's own proxy. As printed: 27,554,018. Filing ↗machine: r1 · c54 · span 1409491–1409501
35United Parcel Service, Inc., Section 10b CEO totalDEF 14A2026-03-190001628280-26-019856CEO total compensation as printed in United Parcel Service, Inc.'s own proxy. As printed: 22,878,788. Filing ↗machine: r2 · c27 · span 899122–899132
36Union Pacific Corporation, Section 10b CEO totalDEF 14A2026-03-250000100885-26-000098CEO total compensation as printed in Union Pacific Corporation's own proxy. As printed: 20,296,362. Filing ↗machine: span 1158158–1158168
37XPO, Inc., Section 10b CEO totalDEF 14A2026-04-070001104659-26-040425CEO total compensation as printed in XPO, Inc.'s own proxy. As printed: 12,001,545. Filing ↗machine: r4 · c49 · span 1080319–1080329
38CSX Corporation, Section 10b CEO totalDEF 14A2026-03-300001628280-26-021944CEO total compensation as printed in CSX Corporation's own proxy. As printed: 11,711,612. Filing ↗machine: r2 · c27 · span 1506353–1506363
39Old Dominion Freight Line, Inc., Section 10b CEO totalDEF 14A2026-04-200000878927-26-000006CEO total compensation as printed in Old Dominion Freight Line, Inc.'s own proxy. As printed: 11,615,896. Filing ↗machine: t7 · r4 · c12 · span 336288–336298
40CH Robinson Worldwide, Inc., Section 10b CEO totalDEF 14A2026-03-240001043277-26-000011CEO total compensation as printed in CH Robinson Worldwide, Inc.'s own proxy. As printed: 11,045,949. Filing ↗machine: r3 · c39 · span 1034575–1034585
41Rush Enterprises, Inc., Section 10b CEO totalDEF 14A2026-04-070001437749-26-011610CEO total compensation as printed in Rush Enterprises, Inc.'s own proxy. As printed: 10,224,299. Filing ↗machine: r1 · c28 · span 712441–712451
42Ryder System, Inc., Section 10b CEO totalDEF 14A2026-03-110001628280-26-016651CEO total compensation as printed in Ryder System, Inc.'s own proxy. As printed: 10,178,386. Filing ↗machine: t211 · r2 · c8 · span 970489–970499
43Expeditors International of Washington, Inc., Section 10b CEO totalDEF 14A2026-03-240001193125-26-121388CEO total compensation as printed in Expeditors International of Washington, Inc.'s own proxy. As printed: 9,643,863. Filing ↗machine: r2 · c6 · span 687349–687359
44J.B. Hunt Transport Services, Inc., Section 10b CEO totalDEF 14A2026-03-110001437749-26-007732CEO total compensation as printed in J.B. Hunt Transport Services, Inc.'s own proxy. As printed: 9,004,371. Filing ↗machine: r1 · c21 · span 825167–825176
45GXO Logistics, Inc., Section 10b CEO totalDEF 14A2026-04-220001104659-26-046343CEO total compensation as printed in GXO Logistics, Inc.'s own proxy. As printed: 7,628,275. Filing ↗machine: t205 · r5 · c14 · span 1215049–1215059
46Schneider National, Inc., Section 10b CEO totalDEF 14A2026-03-170001104659-26-029426CEO total compensation as printed in Schneider National, Inc.'s own proxy. As printed: 7,380,101. Filing ↗machine: r1 · c42 · span 1012102–1012111
47Matson, Inc., Section 10b CEO totalDEF 14A2026-03-090001104659-26-025266CEO total compensation as printed in Matson, Inc.'s own proxy. As printed: 6,490,287. Filing ↗
48Saia Inc (subject), Section 10b CEO totalDEF 14A2026-03-160001193125-26-107135CEO total compensation as printed in Saia Inc's own proxy. As printed: 6,312,241. Filing ↗machine: r2 · c19 · span 1046323–1046332
49Werner Enterprises, Inc., Section 10b CEO totalDEF 14A2026-03-310000793074-26-000083CEO total compensation as printed in Werner Enterprises, Inc.'s own proxy. As printed: 6,048,549. Filing ↗machine: r3 · c24 · span 647131–647140
50Forward Air Corporation, Section 10b CEO totalDEF 14A2026-04-290001104659-26-051569CEO total compensation as printed in Forward Air Corporation's own proxy. As printed: 5,561,309. Filing ↗machine: t28 · r1 · c47 · span 679731–679740
51Knight-Swift Transportation Holdings Inc., Section 10b CEO totalDEF 14A2026-04-020001492691-26-000025CEO total compensation as printed in Knight-Swift Transportation Holdings Inc.'s own proxy. As printed: 5,011,329. Filing ↗
52Landstar System, Inc., Section 10b CEO totalDEF 14A2026-03-230001193125-26-118697CEO total compensation as printed in Landstar System, Inc.'s own proxy. As printed: 4,574,887. Filing ↗machine: r3 · c39 · span 755488–755497
53Hub Group, Inc., Section 10b CEO totalDEF 14A2025-04-030001140361-25-012045CEO total compensation as printed in Hub Group, Inc.'s own proxy. As printed: 3,964,450. Filing ↗
54Universal Logistics Holdings, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134611CEO total compensation as printed in Universal Logistics Holdings's own proxy. As printed: 1,193,811. Filing ↗machine: r2 · c6 · span 449275–449284
55Marten Transport, Ltd., Section 10b CEO totalDEF 14A2026-03-170001437749-26-008503CEO total compensation as printed in Marten Transport, Ltd.'s own proxy. As printed: 1,154,303. Filing ↗machine: span 368330–368339
56Heartland Express, Inc., Section 10b CEO totalDEF 14A2026-04-020000799233-26-000017CEO total compensation as printed in Heartland Express, Inc.'s own proxy. As printed: 1,070,362. Filing ↗machine: r2 · c18 · span 336103–336112
57Section 10a, Schneider National, Inc. reciprocityDEF 14A0001104659-25-024115Schneider National, Inc. names Saia Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
58Section 10a, Heartland Express, Inc. reciprocityDEF 14A0000799233-26-000017Heartland Express, Inc.'s most recent proxy was read; its disclosed peer group does not include Saia Inc. Filing ↗
59Section 10a, GXO Logistics, Inc. reciprocityDEF 14A0001104659-26-046343GXO Logistics, Inc.'s most recent proxy was read; its disclosed peer group does not include Saia Inc. Filing ↗
60Section 10a, Rush Enterprises, Inc. reciprocityDEF 14A0001437749-26-011610Rush Enterprises, Inc.'s most recent proxy was read; its disclosed peer group does not include Saia Inc. Filing ↗
61Section 10a, United Parcel Service, Inc. reciprocityDEF 14A0001628280-26-019856United Parcel Service, Inc.'s most recent proxy was read; its disclosed peer group does not include Saia Inc. Filing ↗
62Section 10a, Marten Transport, Ltd. reciprocityDEF 14A0001437749-26-008503Marten Transport, Ltd.'s most recent proxy was read; its disclosed peer group does not include Saia Inc. Filing ↗
63Section 10a, Old Dominion Freight Line, Inc. reciprocityDEF 14A0000878927-26-000006Old Dominion Freight Line, Inc. names Saia Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, Knight-Swift Transportation Holdings Inc. reciprocityDEF 14A0001492691-26-000025Knight-Swift Transportation Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include Saia Inc. Filing ↗
65Section 10a, CH Robinson Worldwide, Inc. reciprocityDEF 14A0001043277-26-000011CH Robinson Worldwide, Inc.'s most recent proxy was read; its disclosed peer group does not include Saia Inc. Filing ↗
66Section 10a, Forward Air Corporation reciprocityDEF 14A0001104659-26-051569Forward Air Corporation names Saia Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, J.B. Hunt Transport Services, Inc. reciprocityDEF 14A0001437749-26-007732J.B. Hunt Transport Services, Inc.'s most recent proxy was read; its disclosed peer group does not include Saia Inc. Filing ↗
68Section 10a, Union Pacific Corporation reciprocityDEF 14A0000100885-26-000098Union Pacific Corporation's most recent proxy was read; its disclosed peer group does not include Saia Inc. Filing ↗
69Section 10a, Landstar System, Inc. reciprocityDEF 14A0001193125-26-118697Landstar System, Inc. names Saia Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
70Section 10a, Expeditors International of Washington, Inc. reciprocityDEF 14A0001193125-26-121388Expeditors International of Washington, Inc.'s most recent proxy was read; its disclosed peer group does not include Saia Inc. Filing ↗
71Section 10a, Matson, Inc. reciprocityDEF 14A0001104659-26-025266Matson, Inc. names Saia Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
72Section 10a, Hub Group, Inc. reciprocityDEF 14A0001140361-25-012045Hub Group, Inc. names Saia Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
73Section 10a, Norfolk Southern Corporation reciprocityDEF 14A0000092122-26-000028Norfolk Southern Corporation's most recent proxy was read; its disclosed peer group does not include Saia Inc. Filing ↗
74Section 10a, CSX Corporation reciprocityDEF 14A0001628280-26-021944CSX Corporation's most recent proxy was read; its disclosed peer group does not include Saia Inc. Filing ↗
75Section 10a, Ryder System, Inc. reciprocityDEF 14A0001628280-26-016651Ryder System, Inc. names Saia Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
76Section 10a, XPO, Inc. reciprocityDEF 14A0001104659-26-040425XPO, Inc. names Saia Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
77Section 10a, Werner Enterprises, Inc. reciprocityDEF 14A0000793074-26-000083Werner Enterprises, Inc. names Saia Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗