Douglas Paul Petit - Mar 1, 2022 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Role: President
Signature: /s/ James J. Hinnendael, attorney-in-fact
Stock symbol: MRTN
Transactions as of: Mar 1, 2022
Transactions value $: -$28,146
Form type: 4
Date filed: 3/3/2022, 04:25 PM
Previous filing: Sep 3, 2021
Next filing: May 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRTN	Common Stock	Award	$0	+1.83K	+10.62%	$0.00	19.1K	Mar 1, 2022	Direct	F1, F2
transaction	MRTN	Common Stock	Tax liability	-$28.1K	-1.63K	-8.52%	$17.31	17.5K	Mar 1, 2022	Direct	F2

* 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) 800 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (ii) 900 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iii) 600 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (iv) 300 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022.

Content

Excludes shares that were previously reported as they vested based on service.

Includes: (i) 800 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (ii) 900 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iii) 600 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (iv) 300 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022.