PATRICK D. SUGAR - 11 Mar 2024 Form 4 Insider Report for SAIA INC (SAIA)

Role
EVP Operations
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
11 Mar 2024
Net transactions value
-$59,657
Form type
4
Filing time
14 Mar 2024, 09:19:16 UTC
Previous filing
14 Feb 2024
Next filing
06 Nov 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 $59,657 -103 -1.4% $579.19 7,137 11 Mar 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 317 11 Mar 2024 Common Stock 317 Direct F2, F3, F4
holding SAIA Stock Options (Right to Buy) 854 11 Mar 2024 Common Stock 854 $277.86 Direct F5
holding SAIA Stock Options (Right to Buy) 377 11 Mar 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 March 2021.
F2 The conversion rate of this derivative security on March 11, 2024 is 1.1157 resulting in 354.009 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.