Patrick D. Sugar - Feb 8, 2023 Form 4 Insider Report for SAIA INC (SAIA)

Role
EVP Operations
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Feb 8, 2023
Transactions value $
-$190,581
Form type
4
Date filed
2/10/2023, 03:23 PM
Previous filing
Feb 8, 2023
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Award $0 +1.69K +28.74% $0.00 7.58K Feb 8, 2023 Direct F1
transaction SAIA Common Stock Tax liability -$191K -656 -8.66% $290.52 6.92K Feb 8, 2023 Direct F2
transaction SAIA Common Stock Award $0 +1.95K +28.11% $0.00 8.87K Feb 8, 2023 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
holding SAIA Phantom Stock 317 Feb 8, 2023 Common Stock 317 Direct F4, F5, F6
holding SAIA Stock Options (Right to Buy) 1.28K Feb 8, 2023 Common Stock 1.28K $277.86 Direct F7
holding SAIA Stock Options (Right to buy) 1.13K Feb 8, 2023 Common Stock 1.13K $200.81 Direct F7
holding SAIA Stock Options (Right to buy) 980 Feb 8, 2023 Common Stock 980 $100.20 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the restricted stock award vests each year on the anniversary of the grant date.
F2 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 1/1/20-12/31/22 performance period.
F3 Issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/20-12/31/22 performance period.
F4 The conversion rate of this derivative security on February 8, 2023 is 1.1405 resulting in 361.865 shares of common stock (underlying security in column 7).
F5 Immediate
F6 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.
F7 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.