Rohit Lal - Feb 5, 2024 Form 4 Insider Report for SAIA INC (SAIA)

Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Feb 5, 2024
Transactions value $
-$1,559,688
Form type
4
Date filed
2/7/2024, 07:15 PM
Previous filing
Oct 11, 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 +1.21K +17.26% $0.00 8.19K Feb 5, 2024 Direct F1
transaction SAIA Common Stock Tax liability -$191K -360 -4.39% $531.75 7.83K Feb 5, 2024 Direct F2
transaction SAIA Common Stock Award $0 +289 +3.69% $0.00 8.12K Feb 6, 2024 Direct F3
transaction SAIA Common Stock Options Exercise $106K +1.44K +17.73% $73.35 9.56K Feb 6, 2024 Direct
transaction SAIA Common Stock Options Exercise $66K +1K +10.46% $66.03 10.6K Feb 6, 2024 Direct
transaction SAIA Common Stock Options Exercise $52.2K +790 +7.48% $66.03 11.4K Feb 6, 2024 Direct
transaction SAIA Common Stock Sale -$508K -945 -8.32% $537.04 10.4K Feb 6, 2024 Direct
transaction SAIA Common Stock Sale -$231K -430 -4.13% $536.34 9.98K Feb 6, 2024 Direct
transaction SAIA Common Stock Sale -$271K -504 -5.05% $536.99 9.47K Feb 6, 2024 Direct F4
transaction SAIA Common Stock Sale -$29.5K -55 -0.58% $535.53 9.42K Feb 6, 2024 Direct F5
transaction SAIA Common Stock Sale -$502K -936 -9.94% $535.99 8.48K Feb 6, 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 -1.44K -100% $0.00* 0 Feb 6, 2024 Common Stock 1.44K $73.35 Direct
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -1K -55.87% $0.00 790 Feb 6, 2024 Common Stock 1K $66.03 Direct
transaction SAIA Stock Options (Right to buy) Options Exercise -$52.2K -790 -100% $66.03 0 Feb 6, 2024 Common Stock 790 $66.03 Direct
holding SAIA Phantom Stock 6.54K Feb 5, 2024 Common Stock 6.54K Direct F7, F8, F9
holding SAIA Stock Options (Right to Buy) 540 Feb 5, 2024 Common Stock 540 $277.86 Direct F10
holding SAIA Stock Options (Right to buy) 760 Feb 5, 2024 Common Stock 760 $200.81 Direct F10
holding SAIA Stock Options (Right to buy) 1.48K Feb 5, 2024 Common Stock 1.48K $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.