Douglas L. Col - 31 Jul 2023 Form 4 Insider Report for SAIA INC (SAIA)

Role
Executive VP, CFO & Secretary
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
31 Jul 2023
Net transactions value
-$523,781
Form type
4
Filing time
02 Aug 2023, 16:45:10 UTC
Previous filing
08 Mar 2023
Next filing
07 Feb 2024
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 $199,722 -472 -6.7% $423.14 6,583 31 Jul 2023 Direct F1
transaction SAIA Common Stock Options Exercise $143,376 +516 +7.8% $277.86 7,099 01 Aug 2023 Direct
transaction SAIA Common Stock Sale $246,282 -574 -8.1% $429.06 6,525 01 Aug 2023 Direct
transaction SAIA Common Stock Sale $221,152 -516 -7.9% $428.59 6,009 01 Aug 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 -516 -33% $0.000000 1,034 01 Aug 2023 Common Stock 516 $277.86 Direct F2
holding SAIA Phantom Stock 3,197 31 Jul 2023 Common Stock 3,197 Direct F3, F4, F5
holding SAIA Stock Options (Right to Buy) 617 31 Jul 2023 Common Stock 617 $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 July 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 July 31, 2023 is 1.1271 resulting in 3,603.471 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.