John H. Turner - 27 Dec 2021 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Role: Exec. VP of Sales & Marketing
Signature: /s/ James J. Hinnendael, attorney-in-fact
Issuer symbol: MRTN
Transactions as of: 27 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 28 Dec 2021, 15:10:01 UTC
Previous filing: 24 Nov 2021
Next filing: 03 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRTN	Common Stock	Award	$0	+39	+0.04%	$0.000000	91,124	27 Dec 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents dividend equivalent rights that accrued on December 27, 2021.
F2	Includes: (i) 5,713 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2025; (ii) 1,986 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2024; (iii) 3,015 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2023; (iv) 1,770 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2022; (v) 2,225 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021; and (vi) 16,417.82 shares that the reporting person has deferred under the Issuer's deferred compensation plan.

Content

Represents dividend equivalent rights that accrued on December 27, 2021.

Includes: (i) 5,713 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2025; (ii) 1,986 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2024; (iii) 3,015 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2023; (iv) 1,770 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2022; (v) 2,225 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021; and (vi) 16,417.82 shares that the reporting person has deferred under the Issuer's deferred compensation plan.