Raymond R. Ramu - Aug 1, 2022 Form 4 Insider Report for SAIA INC (SAIA)

Role
Exec. VP & Chief Customer Off.
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Aug 1, 2022
Transactions value $
-$199,092
Form type
4
Date filed
8/3/2022, 04:08 PM
Previous filing
Feb 9, 2022
Next filing
Aug 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Tax liability -$199K -830 -7.49% $239.87 10.3K Aug 1, 2022 Direct F1

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
holding SAIA Phantom Stock 7.07K Aug 1, 2022 Common Stock 7.07K Direct F2, F3, F4
holding SAIA Stock Options (Right to Buy) 1.92K Aug 1, 2022 Common Stock 1.92K $277.86 Direct F5
holding SAIA Stock Options (Right to Buy) 2.1K Aug 1, 2022 Common Stock 2.1K $200.81 Direct F5
holding SAIA Stock Options (Right to Buy) 3.25K Aug 1, 2022 Common Stock 3.25K $100.20 Direct F5
holding SAIA Stock Options (Right to Buy) 6.5K Aug 1, 2022 Common Stock 6.5K $66.03 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in August 2017.
F2 The conversion rate of this derivative security on August 1, 2022 is 1.1533 resulting in 8,157.810 shares of common stock (underlying security in column 7).
F3 Immediate
F4 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.
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.