Raymond R. Ramu - 07 Feb 2022 Form 4 Insider Report for SAIA INC (SAIA)

Role
Exec. VP & Chief Customer Off.
Signature
/s/ Douglas L. Col
Issuer symbol
SAIA
Transactions as of
07 Feb 2022
Net transactions value
-$1,301,496
Form type
4
Filing time
09 Feb 2022, 15:55:57 UTC
Previous filing
04 Nov 2021
Next filing
03 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Award $0 +803 +12% $0.000000 7,249 07 Feb 2022 Direct F1
transaction SAIA Common Stock Award $0 +8,518 +118% $0.000000 15,767 07 Feb 2022 Direct F2
transaction SAIA Common Stock Tax liability $267,023 -961 -6.1% $277.86 14,806 07 Feb 2022 Direct F3
transaction SAIA Common Stock Tax liability $1,034,473 -3,723 -25% $277.86 11,083 07 Feb 2022 Direct F4

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 +1,920 $0.000000 1,920 07 Feb 2022 Common Stock 1,920 $277.86 Direct F5
holding SAIA Phantom Stock 7,073 07 Feb 2022 Common Stock 7,073 Direct F6, F7, F8
holding SAIA Stock Options (Right to Buy) 2,100 07 Feb 2022 Common Stock 2,100 $200.81 Direct F5
holding SAIA Stock Options (Right to Buy) 3,254 07 Feb 2022 Common Stock 3,254 $100.20 Direct F5
holding SAIA Stock Options (Right to Buy) 6,500 07 Feb 2022 Common Stock 6,500 $66.03 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/19-12/31/21 performance period.
F3 Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2019.
F4 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.
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 8,030.636 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.