Adam Daniel Phillips - 07 May 2024 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Role: EVP & Chief Operating Officer
Signature: /s/ James J. Hinnendael, attorney-in-fact
Issuer symbol: MRTN
Transactions as of: 07 May 2024
Net transactions value: $0
Form type: 4
Filing time: 09 May 2024, 17:06:52 UTC
Previous filing: 13 Mar 2024
Next filing: 25 Jul 2024
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	+3,858	+107%	$0.000000	7,448	07 May 2024	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, 2024.
F2	Includes: (i) 3,858 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2028; (ii) 1,200 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2027; (iii) 900 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2026; (iv) 400 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2025; and (v) 300 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024.

Content

These shares granted under a Performance Unit Award Agreement will vest in equal increments over five years beginning on December 31, 2024.

Includes: (i) 3,858 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2028; (ii) 1,200 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2027; (iii) 900 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2026; (iv) 400 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2025; and (v) 300 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024.