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

Role
President & CEO
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Feb 12, 2024
Transactions value $
-$645,581
Form type
4
Date filed
2/14/2024, 06:03 PM
Previous filing
Feb 12, 2024
Next filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Tax liability -$646K -1.15K -8.5% $560.40 12.4K Feb 12, 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 6.2K Feb 12, 2024 Common Stock 6.2K Direct F2, F3, F4
holding SAIA Stock Options (Right to Buy) 3.38K Feb 12, 2024 Common Stock 3.38K $277.86 Direct F5
holding SAIA Stock Options (Right to Buy) 2.15K Feb 12, 2024 Common Stock 2.15K $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.