James J. Hinnendael - 23 Nov 2021 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Role: Exec. VP and CFO
Signature: /s/ James J. Hinnendael
Issuer symbol: MRTN
Transactions as of: 23 Nov 2021
Net transactions value: -$161,263
Form type: 4
Filing time: 24 Nov 2021, 15:18:01 UTC
Previous filing: 06 Oct 2021
Next filing: 28 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRTN	Common Stock	Tax liability	$161,263	-9,284	-6%	$17.37	145,293	23 Nov 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were withheld to cover the estimated tax withholding obligations in connection with the issuance of 16,880 shares released from the Issuer's deferred compensation plan which terminated effective May 5, 2021.
F2	Includes: (i) 6,040 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2025; (ii) 2,020 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2024; (iii) 3,060 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2023; (iv) 2,130 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2022; (v) 2,375 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021; and (vi) 16,879.43 shares that the reporting person has deferred under the Issuer's deferred compensation plan.

Content

These shares were withheld to cover the estimated tax withholding obligations in connection with the issuance of 16,880 shares released from the Issuer's deferred compensation plan which terminated effective May 5, 2021.

Includes: (i) 6,040 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2025; (ii) 2,020 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2024; (iii) 3,060 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2023; (iv) 2,130 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2022; (v) 2,375 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021; and (vi) 16,879.43 shares that the reporting person has deferred under the Issuer's deferred compensation plan.