Raymond R. Ramu - 07 Feb 2025 Form 4 Insider Report for SAIA INC (SAIA)

Role
Exec. VP & Chief Customer Off.
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
07 Feb 2025
Net transactions value
-$906,520
Form type
4
Filing time
11 Feb 2025, 16:19:44 UTC
Previous filing
07 Feb 2025
Next filing
26 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Award $0 +3,212 +71% $0.000000 7,750 07 Feb 2025 Direct F1
transaction SAIA Common Stock Tax liability $643,706 -1,315 -17% $489.51 6,435 07 Feb 2025 Direct F2
transaction SAIA Common Stock Tax liability $116,993 -239 -3.7% $489.51 6,196 07 Feb 2025 Direct F3
transaction SAIA Common Stock Tax liability $145,821 -294 -4.7% $495.99 5,902 10 Feb 2025 Direct F4

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 8,060 07 Feb 2025 Common Stock 8,060 Direct F5, F6, F7
holding SAIA Stock Options (Right to Buy) 1,280 07 Feb 2025 Common Stock 1,280 $277.86 Direct F8
holding SAIA Stock Options (Right to Buy) 700 07 Feb 2025 Common Stock 700 $200.81 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/22-12/31/24 performance period.
F2 Shares withheld at officer's election to cover tax liabilities incurred upon the issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/22-12/31/24 performance period.
F3 Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2022.
F4 Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2023.
F5 The conversion rate of this derivative security on February 7, 2025 is 1.1301 resulting in 9,109.164 shares of common stock (underlying security in column 7).
F6 Immediate
F7 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.
F8 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.