Randolph L. Marten - 01 Mar 2022 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
Issuer symbol
MRTN
Transactions as of
01 Mar 2022
Net transactions value
-$435,883
Form type
4
Filing time
03 Mar 2022, 15:56:03 UTC
Previous filing
28 Dec 2021
Next filing
05 May 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 +13,156 +0.07% $0.000000 17,724,633 01 Mar 2022 Direct F1, F2
transaction MRTN Common Stock Tax liability $178,968 -10,339 -0.06% $17.31 17,714,294 01 Mar 2022 Direct F2
transaction MRTN Common Stock Tax liability $256,915 -14,842 -0.08% $17.31 17,699,452 01 Mar 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Excludes shares that were previously reported as they vested based on service.
F2 Includes: (i) 9,600 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (ii) 3,192 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iii) 4,560 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (iv) 2,175 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022.
F3 These shares were withheld to cover the estimated tax withholding obligations in connection with the issuance of 40,112 shares released from the Issuer's deferred compensation plan which terminated effective May 5, 2021.