Douglas Paul Petit - 01 Mar 2022 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Role: President
Signature: /s/ James J. Hinnendael, attorney-in-fact
Issuer symbol: MRTN
Transactions as of: 01 Mar 2022
Net transactions value: -$28,146
Form type: 4
Filing time: 03 Mar 2022, 16:25:08 UTC
Previous filing: 03 Sep 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	+1,832	+11%	$0.000000	19,084	01 Mar 2022	Direct	F1, F2
transaction	MRTN	Common Stock	Tax liability	$28,146	-1,626	-8.5%	$17.31	17,458	01 Mar 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.