John H. Turner - 01 Mar 2022 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Reporting relationship: EVP Sales & Marketing
Issuer ticker: MRTN
Reported as of: 01 Mar 2022
Net transaction value: -$327,099
SEC form: 4
Accepted by SEC: 03 Mar 2022, 16:47:50 UTC
Prior SEC filing: 28 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ James J. Hinnendael, attorney-in-fact

Key filing fact

John H. Turner filed Form 4 for MARTEN TRANSPORT LTD (MRTN) on 03 Mar 2022.

Key facts

This page summarizes John H. Turner's Form 4 filing for MARTEN TRANSPORT LTD (MRTN).
6 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Mar 2022, 16:47.

Change

Previous filing in this sequence was filed on 28 Dec 2021.
Current net transaction value: -$327,099.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MRTN transaction

Common Stock

Award

Transaction value: $0
Shares: +6,059
Change %: +6.6%
Price: $0.000000
Shares after: 97,183
Date: 01 Mar 2022
Ownership: Direct
Footnotes: F1, F2

MRTN transaction

Common Stock

Tax liability

Transaction value: $102,943
Shares: -5,947
Change %: -6.1%
Price: $17.31
Shares after: 91,236
Date: 01 Mar 2022
Ownership: Direct
Footnotes: F2

MRTN transaction

Common Stock

Tax liability

Transaction value: $136,420
Shares: -7,881
Change %: -8.6%
Price: $17.31
Shares after: 83,355
Date: 01 Mar 2022
Ownership: Direct
Footnotes: F2, F3

MRTN transaction

Common Stock

Options Exercise

Transaction value: $87,026
Shares: +9,661
Change %: +12%
Price: $9.01
Shares after: 93,016
Date: 03 Mar 2022
Ownership: Direct
Footnotes: F2

MRTN transaction

Common Stock

Sale

Transaction value: $174,763
Shares: -9,661
Change %: -10%
Price: $18.09
Shares after: 83,355
Date: 03 Mar 2022
Ownership: Direct
Footnotes: F2, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MRTN transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -9,661
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 03 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 9,661
Exercise price: $9.01
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Excludes shares that were previously reported as they vested based on service.

Footnote F2

Includes: (i) 4,572 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (ii) 1,491 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iii) 2,010 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (iv) 885 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022.

Footnote F3

These shares were withheld to cover the estimated tax withholding obligations in connection with the issuance of 16,418 shares released from the Issuer's deferred compensation plan which terminated effective May 5, 2021.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.97 to $18.24, 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 (4) to this Form 4.

Footnote F5

This option has fully vested.