Rohit Lal - Feb 7, 2022 Form 4 Insider Report for SAIA INC (SAIA)

Role
VP Information Technology, CIO
Signature
/s/ Douglas L. Col
Stock symbol
SAIA
Transactions as of
Feb 7, 2022
Transactions value $
-$202,004
Form type
4
Date filed
2/9/2022, 03:56 PM
Previous filing
Dec 30, 2021
Next filing
Feb 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Award $0 +2.34K +68.48% $0.00 5.76K Feb 7, 2022 Direct F1
transaction SAIA Common Stock Award $0 +224 +3.89% $0.00 5.98K Feb 7, 2022 Direct F2
transaction SAIA Common Stock Tax liability -$202K -727 -12.16% $277.86 5.25K Feb 7, 2022 Direct F3

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 +540 $0.00 540 Feb 7, 2022 Common Stock 540 $277.86 Direct F4
holding SAIA Phantom Stock 6.54K Feb 7, 2022 Common Stock 6.54K Direct F5, F6, F7
holding SAIA Stock Options (Right to buy) 760 Feb 7, 2022 Common Stock 760 $200.81 Direct F4
holding SAIA Stock Options (Right to buy) 1.48K Feb 7, 2022 Common Stock 1.48K $100.20 Direct F4
holding SAIA Stock Options (Right to buy) 1.44K Feb 7, 2022 Common Stock 1.44K $73.35 Direct
holding SAIA Stock Options (Right to buy) 1.79K Feb 7, 2022 Common Stock 1.79K $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 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.
F5 The conversion rate of this derivative security on February 7, 2022 is 1.1354 resulting in 7,423.576 shares of common stock (underlying security in column 7).
F6 Immediate
F7 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.