Adam Daniel Phillips - Jul 25, 2024 Form 4 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
Jul 25, 2024
Transactions value $
-$33,634
Form type
4
Date filed
7/25/2024, 04:54 PM
Previous filing
May 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRTN Common Stock Options Exercise $48.9K +4.5K +60.42% $10.87 11.9K Jul 25, 2024 Direct F1
transaction MRTN Common Stock Sale -$82.5K -4.5K -37.66% $18.34 7.45K Jul 25, 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) Options Exercise $0 -4.5K -100% $0.00* 0 Jul 25, 2024 Common Stock 4.5K $10.87 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.3401 to $18.35, inclusive. The reporting person undertakes to provide to Marten Transport, Ltd., any security holder of Marten Transport, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3 All shares are vested.