Douglas L. Col - 12 Feb 2024 Form 4 Insider Report for SAIA INC (SAIA)

Role
Executive VP, CFO & Secretary
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
12 Feb 2024
Net transactions value
-$928,577
Form type
4
Filing time
14 Feb 2024, 17:50:41 UTC
Previous filing
12 Feb 2024
Next filing
13 May 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 Tax liability $185,492 -331 -5% $560.40 6,301 12 Feb 2024 Direct F1
transaction SAIA Common Stock Options Exercise $123,900 +617 +9.8% $200.81 6,918 13 Feb 2024 Direct
transaction SAIA Common Stock Options Exercise $143,654 +517 +7.5% $277.86 7,435 13 Feb 2024 Direct
transaction SAIA Common Stock Sale $343,921 -617 -8.3% $557.41 6,818 13 Feb 2024 Direct
transaction SAIA Common Stock Sale $378,538 -678 -9.9% $558.32 6,140 13 Feb 2024 Direct
transaction SAIA Common Stock Sale $288,180 -517 -8.4% $557.41 5,623 13 Feb 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
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -517 -50% $0.000000 517 13 Feb 2024 Common Stock 517 $277.86 Direct F2
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -617 -100% $0.000000* 0 13 Feb 2024 Common Stock 617 $200.81 Direct F2
holding SAIA Phantom Stock 3,197 12 Feb 2024 Common Stock 3,197 Direct F3, F4, 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 2021.
F2 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.
F3 The conversion rate of this derivative security on February 12, 2024 is 1.1218 resulting in 3,586.532 shares of common stock (underlying security in column 7).
F4 Immediate
F5 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.