Saia's CEO, Fritz Holzgrefe, has a total yearly compensation of $5.73 million.
Understanding CEO Compensation at Saia
Fritz Holzgrefe, who was appointed CEO in January 2019, receives his compensation through a combination of salary and performance-based incentives. This structure is common among public companies like Saia, Inc. (NASDAQ: SAIA), aligning executive pay with company performance and shareholder interests.
Compensation Breakdown
The $5.73 million total yearly compensation for Saia's CEO is primarily comprised of variable pay elements.
| Compensation Component | Percentage |
|---|---|
| Salary | 15.9% |
| Bonuses | 84.1% |
The significant portion allocated to bonuses indicates a strong emphasis on performance. These bonuses typically include various incentives such as company stock and stock options, which vest over time and are often tied to specific financial or operational targets.
Stock Ownership
In addition to his direct compensation, Fritz Holzgrefe also holds a direct ownership stake in Saia. He directly owns 0.047% of the company's shares. As of recent valuations, these shares are worth approximately $5.87 million. This direct ownership further aligns his personal financial interests with the long-term success and stock performance of Saia.
