Randolph L. Marten - Dec 27, 2021 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Role: Exec. Chairman of the Board, Director, 10%+ Owner
Signature: /s/ James J. Hinnendael, attorney-in-fact
Stock symbol: MRTN
Transactions as of: Dec 27, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/28/2021, 03:22 PM
Previous filing: Nov 24, 2021
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRTN	Common Stock	Award	$0	+94.4	+0%	$0.00	17.7M	Dec 27, 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) 11,999 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2025; (ii) 4,256 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2024; (iii) 6,840 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2023; (iv) 4,350 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2022; (v) 5,200 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021; and (vi) 40,111.75 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) 11,999 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2025; (ii) 4,256 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2024; (iii) 6,840 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2023; (iv) 4,350 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2022; (v) 5,200 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021; and (vi) 40,111.75 shares that the reporting person has deferred under the Issuer's deferred compensation plan.