Kelly W. Benton - 18 Feb 2025 Form 4 Insider Report for SAIA INC (SAIA)

Role
VP & CAO
Signature
/s/ Kelly W Benton
Issuer symbol
SAIA
Transactions as of
18 Feb 2025
Net transactions value
-$102,184
Form type
4
Filing time
20 Feb 2025, 17:03:08 UTC
Previous filing
11 Feb 2025
Next filing
04 Nov 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 Options Exercise $127,816 +460 +11% $277.86 4,747 18 Feb 2025 Direct
transaction SAIA Common Stock Sale $230,000 -460 -9.7% $500.00 4,287 18 Feb 2025 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 -460 -100% $0.000000 0 18 Feb 2025 Common Stock 460 $277.86 Direct F1
holding SAIA Phantom Stock 100 18 Feb 2025 Common Stock 100 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The conversion rate of this derivative security on February 18, 2025 is 1.1309 resulting in 113.167 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.