Frederick J. Holzgrefe

President and Chief Executive Officer at SAIA

Board

Since April 2020

Age

57 years

Tenure

Joined SAIA in September 2014 as Vice President and Chief Financial Officer, then advanced through roles as Executive Vice President and CFO, President and Chief Operating Officer, and has served as President and Chief Executive Officer since April 2020 with board membership commencing in January 2019.

Also at SAIA

ARN

Anthony R. Norwood

Executive Vice President and Chief Human Resources Officer

DLC

Douglas L. Col

Executive Vice President and CFO

KWB

Kelly W. Benton

Vice President and Chief Accounting Officer

About

Frederick J. Holzgrefe, III currently serves as the President and Chief Executive Officer of Saia, Inc. and is 57 years old as of fiscal year 2024. His extensive leadership experience combines deep insights in both financial and operational management.

He began his tenure at SAIA in September 2014 when he joined as Vice President and Chief Financial Officer. Over the subsequent years, he advanced through several key roles including Executive Vice President and CFO, then President and Chief Operating Officer, and ultimately assumed his current role as President and CEO in April 2020.

In addition to his executive responsibilities, he has contributed significantly as a member of the Board of Directors since January 2019. His background includes valuable experience in diverse industries such as food, technology, and financial advisory services, which underpins his effective leadership at the company.

$SAIA Performance Under Frederick J. Holzgrefe

Past Roles

Organization	Role	Date Range	Details
Saia, Inc.	President and Chief Operating Officer	May 2019 to April 2020	Held position prior to becoming CEO
Saia, Inc.	President, Chief Operating Officer, and Chief Financial Officer	January 2019 to May 2019	Role transitioned during internal reorganization
Saia, Inc.	Executive Vice President and Chief Financial Officer	July 2017 to January 2019	Preceded promotion to higher leadership roles
Saia, Inc.	Vice President and Chief Financial Officer	September 2014 to July 2017	Early executive role at the company

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$910,000	N/A	Fixed annual salary
Perquisites & Other Personal Benefits	$11,039	N/A	Fixed annual benefit
Car Allowance	$8,706	N/A	Fixed annual car allowance
Company Contributions to Defined Contribution Plans (401(k))	$9,900	N/A	Fixed annual contribution
Company Contributions to Defined Contribution Plans (Deferred Compensation)	$126,147	N/A	Fixed annual contribution
Life Insurance Premiums	$4,902	N/A	Fixed annual premium

Performance Compensation

Data from FY 2023

Non-Equity Incentive Plan

Metric	Threshold Payout	Target Payout	Maximum Payout	Weight	Grant Date	Vesting Schedule	Additional Details
Annual Cash Incentive	$250,250	$1,001,000	$2,002,000	50% Operating Income, 50% Operating Ratio	January 31, 2023	No vesting; cash-based	Payout expressed as % of base salary: 27.5% (threshold), 110.0% (target), 220.0% (maximum)

Performance Stock Units (PSUs)

Metric	Threshold Shares	Target Shares	Maximum Shares	Weight	Grant Date	Vesting Schedule	Additional Details
Performance Stock Units (PSUs)	1,175	4,698	9,396	Based on Total Shareholder Return (TSR)	February 8, 2023	Vest upon TSR performance over a 3-year period (2023-2025), with payment in February 2026	Grant Date Fair Value: $2,018,026 ; Performance evaluated against a peer group

Restricted Stock (RS)

Metric	Shares Granted	Grant Date Fair Value	Vesting Schedule	Additional Details
Restricted Stock (RS)	4,698	$1,364,863	1/3 vests annually on February 8 of 2024, 2025, and 2026	N/A

Pay Versus Performance Adjustments

Metric	Actual Result	Additional Details
Compensation Actually Paid (CAP)	$17,257,547	Adjusted for fair value of equity awards and SEC adjustments; Performance metrics include TSR ($470.60 ), Net Income ($354,857,000 ), and Operating Income ($460,496,000 )