Raymond R. Ramu - Feb 6, 2023 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
Feb 6, 2023
Transactions value $
-$146,248
Form type
4
Date filed
2/8/2023, 04:07 PM
Previous filing
Aug 16, 2022
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Tax liability -$146K -498 -15.19% $293.67 2.78K Feb 6, 2023 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 Feb 6, 2023 Common Stock 7.07K Direct F2, F3, F4
holding SAIA Stock Options (Right to Buy) 1.92K Feb 6, 2023 Common Stock 1.92K $277.86 Direct F5
holding SAIA Stock Options (Right to Buy) 2.1K Feb 6, 2023 Common Stock 2.1K $200.81 Direct F5
holding SAIA Stock Options (Right to Buy) 3.25K Feb 6, 2023 Common Stock 3.25K $100.20 Direct F5
* 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 February 2020.
F2 The conversion rate of this derivative security on February 6, 2023 is 1.1404 resulting in 8,066.633 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.