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

Role
Executive VP, CFO & Secretary
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Jul 31, 2023
Transactions value $
-$523,781
Form type
4
Date filed
8/2/2023, 04:45 PM
Previous filing
Mar 8, 2023
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Tax liability -$200K -472 -6.69% $423.14 6.58K Jul 31, 2023 Direct F1
transaction SAIA Common Stock Options Exercise $143K +516 +7.84% $277.86 7.1K Aug 1, 2023 Direct
transaction SAIA Common Stock Sale -$246K -574 -8.09% $429.06 6.53K Aug 1, 2023 Direct
transaction SAIA Common Stock Sale -$221K -516 -7.91% $428.59 6.01K Aug 1, 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 -33.29% $0.00 1.03K Aug 1, 2023 Common Stock 516 $277.86 Direct F2
holding SAIA Phantom Stock 3.2K Jul 31, 2023 Common Stock 3.2K Direct F3, F4, F5
holding SAIA Stock Options (Right to Buy) 617 Jul 31, 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.