Patrick D. Sugar - 07 Feb 2022 Form 4 Insider Report for SAIA INC (SAIA)

Reporting relationship: EVP Operations
Issuer ticker: SAIA
Reported as of: 07 Feb 2022
Net transaction value: -$215,342
SEC form: 4
Accepted by SEC: 09 Feb 2022, 15:56:26 UTC
Next SEC filing: 08 Nov 2022
Source filing: View source filing
Reporting owner signature: /s/ Douglas L. Col

Filing notes and source

Key filing fact

Patrick D. Sugar filed Form 4 for SAIA INC (SAIA) on 09 Feb 2022.

Key facts

This page summarizes Patrick D. Sugar's Form 4 filing for SAIA INC (SAIA).
5 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 09 Feb 2022, 15:56.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$215,342.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SAIA transaction

Common Stock

Award

Transaction value: $0
Shares: +1,894
Change %: +41%
Price: $0.000000
Shares after: 6,510
Date: 07 Feb 2022
Ownership: Direct
Footnotes: F1

SAIA transaction

Common Stock

Award

Transaction value: $0
Shares: +535
Change %: +8.2%
Price: $0.000000
Shares after: 7,045
Date: 07 Feb 2022
Ownership: Direct
Footnotes: F2

SAIA transaction

Common Stock

Tax liability

Transaction value: $56,683
Shares: -204
Change %: -2.9%
Price: $277.86
Shares after: 6,841
Date: 07 Feb 2022
Ownership: Direct
Footnotes: F3

SAIA transaction

Common Stock

Tax liability

Transaction value: $158,658
Shares: -571
Change %: -8.3%
Price: $277.86
Shares after: 6,270
Date: 07 Feb 2022
Ownership: Direct
Footnotes: F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SAIA transaction Derivative

Stock Options (Right to Buy)

Award

Transaction value: $0
Shares: +1,280
Change %
Price: $0.000000
Shares after: 1,280
Date: 07 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,280
Exercise price: $277.86
Footnotes: F5

SAIA holding Derivative

Phantom Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 317
Date: 07 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 317
Exercise price
Footnotes: F6, F7, F8

SAIA holding Derivative

Stock Options (Right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,130
Date: 07 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,130
Exercise price: $200.81
Footnotes: F5

SAIA holding Derivative

Stock Options (Right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 980
Date: 07 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 980
Exercise price: $100.20
Footnotes: F5

SAIA holding Derivative

Stock Options (Right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,450
Date: 07 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,450
Exercise price: $66.03

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/19-12/31/21 performance period.

Footnote 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.

Footnote F3

Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2019.

Footnote 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.

Footnote 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.

Footnote F6

The conversion rate of this derivative security on February 7, 2022 is 1.1354 resulting in 360.248 shares of common stock (underlying security in column 7).

Footnote F7

Immediate

Footnote 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.