Frederick J. Holzgrefe III - Aug 1, 2023 Form 4 Insider Report for SAIA INC (SAIA)

Role
President & CEO
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Aug 1, 2023
Transactions value $
-$1,644,557
Form type
4
Date filed
8/2/2023, 05:02 PM
Previous filing
Feb 10, 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 Options Exercise $470K +1.69K +12.1% $277.86 15.7K Aug 1, 2023 Direct
transaction SAIA Common Stock Options Exercise $865K +4.31K +27.51% $200.81 20K Aug 1, 2023 Direct
transaction SAIA Common Stock Sale -$719K -1.69K -8.47% $425.64 18.3K Aug 1, 2023 Direct
transaction SAIA Common Stock Sale -$1.83M -4.31K -23.57% $425.64 14K Aug 1, 2023 Direct
transaction SAIA Common Stock Sale -$427K -1K -7.16% $426.67 13K 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 -1.69K -33.33% $0.00 3.38K Aug 1, 2023 Common Stock 1.69K $277.86 Direct F1
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -4.31K -66.66% $0.00 2.15K Aug 1, 2023 Common Stock 4.31K $200.81 Direct F1
holding SAIA Phantom Stock 6.2K Aug 1, 2023 Common Stock 6.2K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The conversion rate of this derivative security on August 1, 2023 is 1.1270 resulting in 6,982.341 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.