Adam Daniel Phillips - Dec 13, 2023 Form 3 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Role
EVP & Chief Operating Officer
Signature
/s/ James J. Hinnendael, attorney-in-fact
Stock symbol
MRTN
Transactions as of
Dec 13, 2023
Transactions value $
$0
Form type
3
Date filed
12/21/2023, 04:16 PM
Next filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MRTN Common Stock 4.2K Dec 13, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MRTN Stock Option (right to buy) Dec 13, 2023 Common Stock 4.5K $10.87 Direct F2
holding MRTN Stock Option (right to buy) Dec 13, 2023 Common Stock 4.5K $15.17 Direct F2
holding MRTN Stock Option (right to buy) Dec 13, 2023 Common Stock 3K $17.36 Direct F3
holding MRTN Stock Option (right to buy) Dec 13, 2023 Common Stock 3K $16.93 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes: (i) 1,500 shares granted under a Performance Unit Award Agreement that vest on 12/31/2023 through 12/31/2027; (ii) 1,200 shares granted under a Performance Unit Award Agreement that vest on 12/31/2023 through 12/31/2026; (iii) 600 shares granted under a Performance Unit Award Agreement that vest on 12/31/2023 through 12/31/2025; (iv) 600 shares granted under a Performance Unit Award Agreement that vest on 12/31/2023 through 12/31/2024; and (v) 300 shares granted under a Performance Unit Award Agreement that vest on 12/31/2023.
F2 This option has fully vested.
F3 This option vested with respect to 600 shares on each of May 4, 2022 and May 4, 2023 and will vest with respect to 600 shares on each May 4, 2024, May 4, 2025 and May 4, 2026.
F4 This option vested with respect to 600 shares on December 15, 2022, and will vest with respect to 600 shares on each of December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.