Raymond R. Ramu - Feb 5, 2025 Form 4 Insider Report for SAIA INC (SAIA)

Role
Exec. VP & Chief Customer Off.
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Feb 5, 2025
Transactions value $
-$61,016
Form type
4
Date filed
2/7/2025, 04:09 PM
Previous filing
Sep 11, 2024
Next filing
Feb 11, 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 +1.41K +43.19% $0.00 4.66K Feb 5, 2025 Direct F1
transaction SAIA Common Stock Tax liability -$61K -120 -2.58% $508.47 4.54K Feb 6, 2025 Direct F2

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 8.06K Feb 5, 2025 Common Stock 8.06K Direct F3, F4, F5
holding SAIA Stock Options (Right to Buy) 1.28K Feb 5, 2025 Common Stock 1.28K $277.86 Direct F6
holding SAIA Stock Options (Right to Buy) 700 Feb 5, 2025 Common Stock 700 $200.81 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the restricted stock award vests each year on the anniversary of the grant date.
F2 Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2024.
F3 The conversion rate of this derivative security on February 5, 2025 is 1.1328 resulting in 9,130.761 shares of common stock (underlying security in column 7).
F4 Immediate
F5 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.
F6 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.