Raymond R. Ramu - Feb 5, 2024 Form 4 Insider Report for SAIA INC (SAIA)

Role
Exec. VP & Chief Customer Off.
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Feb 5, 2024
Transactions value $
-$738,601
Form type
4
Date filed
2/7/2024, 07:00 PM
Previous filing
Aug 9, 2023
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Award $0 +3.33K +91.97% $0.00 6.96K Feb 5, 2024 Direct F1
transaction SAIA Common Stock Tax liability -$739K -1.39K -19.97% $531.75 5.57K Feb 5, 2024 Direct F2
transaction SAIA Common Stock Award $0 +1.12K +20.09% $0.00 6.68K Feb 6, 2024 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 7.07K Feb 5, 2024 Common Stock 7.07K Direct F4, F5, F6
holding SAIA Stock Options (Right to Buy) 1.28K Feb 5, 2024 Common Stock 1.28K $277.86 Direct F7
holding SAIA Stock Options (Right to Buy) 700 Feb 5, 2024 Common Stock 700 $200.81 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/21-12/31/23 performance period.
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 1/1/21-12/31/23 performance period.
F3 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.
F4 The conversion rate of this derivative security on February 5, 2024 is 1.1252 resulting in 7,958.776 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.