Rohit Lal - 05 Feb 2024 Form 4 Insider Report for SAIA INC (SAIA)

Role
VP Information Technology, CIO
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
05 Feb 2024
Net transactions value
-$1,559,688
Form type
4
Filing time
07 Feb 2024, 19:15:31 UTC
Previous filing
11 Oct 2023
Next filing
12 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 Award $0 +1,206 +17% $0.000000 8,193 05 Feb 2024 Direct F1
transaction SAIA Common Stock Tax liability $191,430 -360 -4.4% $531.75 7,833 05 Feb 2024 Direct F2
transaction SAIA Common Stock Award $0 +289 +3.7% $0.000000 8,122 06 Feb 2024 Direct F3
transaction SAIA Common Stock Options Exercise $105,624 +1,440 +18% $73.35 9,562 06 Feb 2024 Direct
transaction SAIA Common Stock Options Exercise $66,030 +1,000 +10% $66.03 10,562 06 Feb 2024 Direct
transaction SAIA Common Stock Options Exercise $52,164 +790 +7.5% $66.03 11,352 06 Feb 2024 Direct
transaction SAIA Common Stock Sale $507,503 -945 -8.3% $537.04 10,407 06 Feb 2024 Direct
transaction SAIA Common Stock Sale $230,627 -430 -4.1% $536.34 9,977 06 Feb 2024 Direct
transaction SAIA Common Stock Sale $270,641 -504 -5.1% $536.99 9,473 06 Feb 2024 Direct F4
transaction SAIA Common Stock Sale $29,454 -55 -0.58% $535.53 9,418 06 Feb 2024 Direct F5
transaction SAIA Common Stock Sale $501,686 -936 -9.9% $535.99 8,482 06 Feb 2024 Direct F6

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 -1,440 -100% $0.000000* 0 06 Feb 2024 Common Stock 1,440 $73.35 Direct
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -1,000 -56% $0.000000 790 06 Feb 2024 Common Stock 1,000 $66.03 Direct
transaction SAIA Stock Options (Right to buy) Options Exercise $52,164 -790 -100% $66.03 0 06 Feb 2024 Common Stock 790 $66.03 Direct
holding SAIA Phantom Stock 6,539 05 Feb 2024 Common Stock 6,539 Direct F7, F8, F9
holding SAIA Stock Options (Right to Buy) 540 05 Feb 2024 Common Stock 540 $277.86 Direct F10
holding SAIA Stock Options (Right to buy) 760 05 Feb 2024 Common Stock 760 $200.81 Direct F10
holding SAIA Stock Options (Right to buy) 1,480 05 Feb 2024 Common Stock 1,480 $100.20 Direct F10
* 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.
F10 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 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 This transaction was executed in multiple trades at prices ranging from $536.82 USD to $537.04 USD; the price reported above reflects the weighted average sale price.
F5 This transaction was executed in multiple trades at prices ranging from $535.5304 USD to $535.5304 USD; the price reported above reflects the weighted average sale price.
F6 This transaction was executed in multiple trades at prices ranging from $535.70 USD to $536.51 USD; the price reported above reflects the weighted average sale price.
F7 The conversion rate of this derivative security on February 5, 2024 is 1.1252 resulting in 7,357.148 shares of common stock (underlying security in column 7).
F8 Immediate
F9 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.