Raymond R. Ramu - Feb 7, 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 7, 2025
Transactions value $
-$906,520
Form type
4
Date filed
2/11/2025, 04:19 PM
Previous filing
Feb 7, 2025
Next filing
Feb 26, 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 +3.21K +70.78% $0.00 7.75K Feb 7, 2025 Direct F1
transaction SAIA Common Stock Tax liability -$644K -1.32K -16.97% $489.51 6.44K Feb 7, 2025 Direct F2
transaction SAIA Common Stock Tax liability -$117K -239 -3.71% $489.51 6.2K Feb 7, 2025 Direct F3
transaction SAIA Common Stock Tax liability -$146K -294 -4.74% $495.99 5.9K Feb 10, 2025 Direct F4

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 7, 2025 Common Stock 8.06K Direct F5, F6, F7
holding SAIA Stock Options (Right to Buy) 1.28K Feb 7, 2025 Common Stock 1.28K $277.86 Direct F8
holding SAIA Stock Options (Right to Buy) 700 Feb 7, 2025 Common Stock 700 $200.81 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/22-12/31/24 performance period.
F2 Shares withheld at officer's election to cover tax liabilities incurred upon the issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/22-12/31/24 performance period.
F3 Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2022.
F4 Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2023.
F5 The conversion rate of this derivative security on February 7, 2025 is 1.1301 resulting in 9,109.164 shares of common stock (underlying security in column 7).
F6 Immediate
F7 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.
F8 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.