PATRICK D. SUGAR - 11 Nov 2022 Form 4 Insider Report for SAIA INC (SAIA)

Role
EVP Operations
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
11 Nov 2022
Net transactions value
-$267,873
Form type
4
Filing time
15 Nov 2022, 15:14:04 UTC
Previous filing
08 Nov 2022
Next filing
08 Feb 2023
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 $95,744 +1,450 +24% $66.03* 7,484 11 Nov 2022 Direct
transaction SAIA Common Stock Sale $363,616 -1,450 -19% $250.77 6,034 11 Nov 2022 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 -1,450 -100% $0.000000* 0 11 Nov 2022 Common Stock 1,450 $66.03 Direct
holding SAIA Phantom Stock 317 11 Nov 2022 Common Stock 317 Direct F1, F2, F3
holding SAIA Stock Options (Right to Buy) 1,280 11 Nov 2022 Common Stock 1,280 $277.86 Direct F4
holding SAIA Stock Options (Right to buy) 1,130 11 Nov 2022 Common Stock 1,130 $200.81 Direct F4
holding SAIA Stock Options (Right to buy) 980 11 Nov 2022 Common Stock 980 $100.20 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The conversion rate of this derivative security on November 11, 2022 is 1.1547 resulting in 366.397 shares of common stock (underlying security in column 7).
F2 Immediate
F3 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.
F4 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.