PATRICK D. SUGAR - 04 Nov 2022 Form 4 Insider Report for SAIA INC (SAIA)

Role
EVP Operations
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
04 Nov 2022
Net transactions value
-$49,326
Form type
4
Filing time
08 Nov 2022, 15:49:27 UTC
Previous filing
09 Feb 2022
Next filing
15 Nov 2022
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 $49,326 -235 -3.7% $209.90 6,034 04 Nov 2022 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 04 Nov 2022 Common Stock 317 Direct F2, F3, F4
holding SAIA Stock Options (Right to Buy) 1,280 04 Nov 2022 Common Stock 1,280 $277.86 Direct F5
holding SAIA Stock Options (Right to buy) 1,130 04 Nov 2022 Common Stock 1,130 $200.81 Direct F5
holding SAIA Stock Options (Right to buy) 980 04 Nov 2022 Common Stock 980 $100.20 Direct F5
holding SAIA Stock Options (Right to buy) 1,450 04 Nov 2022 Common Stock 1,450 $66.03 Direct
* 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 November 2019.
F2 The conversion rate of this derivative security on November 4, 2022 is 1.1547 resulting in 366.394 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.