Douglas Paul Petit - Mar 12, 2024 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 12, 2024
Transactions value $
-$26,628
Form type
4
Date filed
3/13/2024, 04:42 PM
Previous filing
May 3, 2023
Next filing
May 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRTN Common Stock Tax liability -$26.6K -1.4K -5% $19.02 26.6K Mar 12, 2024 Direct F1, F2

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
transaction MRTN Stock Option (right to buy) Award $0 +4.5K $0.00 4.5K Aug 15, 2017 Common Stock 4.5K $10.87 Direct F3
transaction MRTN Stock Option (right to buy) Award $0 +4.5K $0.00 4.5K Aug 14, 2018 Common Stock 4.5K $15.17 Direct F3
transaction MRTN Stock Option (right to buy) Award $0 +3K $0.00 3K May 4, 2021 Common Stock 3K $17.36 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the 2,684 shares that vested, this number of shares were withheld in exchange for payment of employee taxes. All vested shares were previously reported as they vested based on service.
F2 Includes: (i) 3,437 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2027; (ii) 3,075 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2026; (iii) 400 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2025; and (iv) 300 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024.
F3 This option has fully vested.
F4 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 of May 4, 2024, May 4, 2025 and May 4, 2026.