PATRICK D. SUGAR - 06 Mar 2023 Form 4 Insider Report for SAIA INC (SAIA)

Role
EVP Operations
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
06 Mar 2023
Net transactions value
-$189,463
Form type
4
Filing time
08 Mar 2023, 16:12:33 UTC
Previous filing
10 Feb 2023
Next filing
03 Aug 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 $98,196 +980 +11% $100.20 9,849 06 Mar 2023 Direct
transaction SAIA Common Stock Sale $287,659 -980 -10% $293.53 8,869 06 Mar 2023 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 -980 -100% $0.000000* 0 06 Mar 2023 Common Stock 980 $100.20 Direct F1
holding SAIA Phantom Stock 317 06 Mar 2023 Common Stock 317 Direct F2, F3, F4
holding SAIA Stock Options (Right to Buy) 1,280 06 Mar 2023 Common Stock 1,280 $277.86 Direct F1
holding SAIA Stock Options (Right to buy) 1,130 06 Mar 2023 Common Stock 1,130 $200.81 Direct F1
* 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 March 6, 2023 is 1.1433 resulting in 362.767 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.