Frederick J. Holzgrefe III - Feb 7, 2022 Form 4 Insider Report for SAIA INC (SAIA)

Role
President & CEO
Signature
/s/ Douglas L. Col
Stock symbol
SAIA
Transactions as of
Feb 7, 2022
Transactions value $
-$4,795,835
Form type
4
Date filed
2/9/2022, 03:55 PM
Previous filing
Nov 12, 2021
Next filing
Aug 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Award $0 +15K +96.12% $0.00 30.6K Feb 7, 2022 Direct F1
transaction SAIA Common Stock Award $0 +2.13K +6.95% $0.00 32.7K Feb 7, 2022 Direct F2
transaction SAIA Common Stock Tax liability -$1.88M -6.76K -20.67% $277.86 26K Feb 7, 2022 Direct F3
transaction SAIA Common Stock Tax liability -$470K -1.69K -6.51% $277.86 24.3K Feb 7, 2022 Direct F4
transaction SAIA Common Stock Sale -$1.11M -3.92K -16.17% $284.13 20.3K Feb 8, 2022 Direct
transaction SAIA Common Stock Sale -$1.33M -4.58K -22.5% $291.06 15.8K Feb 9, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SAIA Stock Options (Right to Buy) Award $0 +5.07K $0.00 5.07K Feb 7, 2022 Common Stock 5.07K $277.86 Direct F5
transaction SAIA Phantom Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $0 +706 +15.41% $0.00 5.29K Feb 8, 2022 Common Stock 706 Direct F6, F7, F8
holding SAIA Stock Options (Right to Buy) 6.46K Feb 7, 2022 Common Stock 6.46K $200.81 Direct F5
holding SAIA Stock Options (Right to Buy) 5.11K Feb 7, 2022 Common Stock 5.11K $100.20 Direct F5
holding SAIA Stock Options (Right to Buy) 11.4K Feb 7, 2022 Common Stock 11.4K $66.03 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/19-12/31/21 performance period.
F2 Restricted shares granted as part of the long-term incentive program approved by the Compensation Committee. The restricted stock award cliff vests in year three.
F3 Shares withheld at officer's election to cover tax liabilities incurred upon the issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/19-12/31/21 performance period.
F4 Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2019.
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.
F6 The conversion rate of this derivative security on February 7, 2022 is 1.1354 resulting in 6,004.284 shares of common stock (underlying security in column 7).
F7 Immediate
F8 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.