Frederick J. Holzgrefe III - 12 Feb 2024 Form 4 Insider Report for SAIA INC (SAIA)

Role
President & CEO
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
12 Feb 2024
Net transactions value
-$645,581
Form type
4
Filing time
14 Feb 2024, 18:03:54 UTC
Previous filing
12 Feb 2024
Next filing
14 Mar 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 $645,581 -1,152 -8.5% $560.40 12,393 12 Feb 2024 Direct F1

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 6,196 12 Feb 2024 Common Stock 6,196 Direct F2, F3, F4
holding SAIA Stock Options (Right to Buy) 3,380 12 Feb 2024 Common Stock 3,380 $277.86 Direct F5
holding SAIA Stock Options (Right to Buy) 2,154 12 Feb 2024 Common Stock 2,154 $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 2021.
F2 The conversion rate of this derivative security on February 12, 2024 is 1.1218 resulting in 6,950.481 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.