Patrick D. Sugar - Feb 8, 2024 Form 4 Insider Report for SAIA INC (SAIA)

Role
EVP Operations
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Feb 8, 2024
Transactions value $
-$926,440
Form type
4
Date filed
2/12/2024, 04:34 PM
Previous filing
Feb 7, 2024
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Tax liability -$140K -253 -2.77% $553.10 8.87K Feb 8, 2024 Direct F1
transaction SAIA Common Stock Sale -$787K -1.43K -16.13% $549.62 7.44K Feb 9, 2024 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
holding SAIA Phantom Stock 317 Feb 8, 2024 Common Stock 317 Direct F2, F3, F4
holding SAIA Stock Options (Right to Buy) 854 Feb 8, 2024 Common Stock 854 $277.86 Direct F5
holding SAIA Stock Options (Right to Buy) 377 Feb 8, 2024 Common Stock 377 $200.81 Direct F5
* 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 February 2023.
F2 The conversion rate of this derivative security on February 8, 2024 is 1.1218 resulting in 355.955 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.
F5 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.