Randolph L. Marten - May 3, 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
Stock symbol: MRTN
Transactions as of: May 3, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/5/2022, 04:35 PM
Previous filing: Mar 3, 2022
Next filing: Mar 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRTN	Common Stock	Award	$0	+10.5K	+0.06%	$0.00	17.7M	May 3, 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.