Randolph L. Marten - 03 May 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: 03 May 2022
Net transactions value: $0
Form type: 4
Filing time: 05 May 2022, 16:35:08 UTC
Previous filing: 03 Mar 2022
Next filing: 15 Mar 2023
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	+10,458	+0.06%	$0.000000	17,709,910	03 May 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	These shares granted under a Performance Unit Award Agreement will vest in equal increments over five years beginning on December 31, 2022.
F2	Includes: (i) 10,458 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2026; (ii) 9,600 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (iii) 3,192 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iv) 4,560 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (v) 2,175 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022.

Content

These shares granted under a Performance Unit Award Agreement will vest in equal increments over five years beginning on December 31, 2022.

Includes: (i) 10,458 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2026; (ii) 9,600 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (iii) 3,192 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iv) 4,560 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (v) 2,175 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022.