Frederick J. Holzgrefe III - 06 Feb 2023 Form 4 Insider Report for SAIA INC (SAIA)

Role
President & CEO
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
06 Feb 2023
Net transactions value
-$2,077,468
Form type
4
Filing time
08 Feb 2023, 17:02:57 UTC
Previous filing
08 Aug 2022
Next filing
10 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Tax liability $337,427 -1,149 -7.9% $293.67 13,474 06 Feb 2023 Direct F1
transaction SAIA Common Stock Options Exercise $255,911 +2,554 +19% $100.20 16,028 07 Feb 2023 Direct
transaction SAIA Common Stock Sale $1,995,952 -6,761 -42% $295.22 9,267 07 Feb 2023 Direct

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) Options Exercise $0 -2,554 -100% $0.000000* 0 07 Feb 2023 Common Stock 2,554 $100.20 Direct F2
holding SAIA Phantom Stock 5,472 06 Feb 2023 Common Stock 5,472 Direct F3, F4, F5
holding SAIA Stock Options (Right to Buy) 5,070 06 Feb 2023 Common Stock 5,070 $277.86 Direct F2
holding SAIA Stock Options (Right to Buy) 6,460 06 Feb 2023 Common Stock 6,460 $200.81 Direct F2
* 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 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.
F3 The conversion rate of this derivative security on February 6, 2023 is 1.1404 resulting in 6,240.213 shares of common stock (underlying security in column 7).
F4 Immediate
F5 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.