Timothy M. Kohl - May 6, 2021 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Signature
/s/ James J. Hinnendael, attorney-in-fact
Stock symbol
MRTN
Transactions as of
May 6, 2021
Transactions value $
-$208,477
Form type
4
Date filed
5/10/2021, 04:30 PM
Next filing
Jul 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRTN Common Stock Tax liability -$208K -11.9K -3.91% $17.59 291K May 6, 2021 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 were withheld to cover the estimated tax withholding obligations in connection with the issuance of 28,151 shares released from the Issuer's deferred compensation plan which terminated effective May 5, 2021.
F2 Includes: (i) 10,447 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2025; (ii) 3,020 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2024; (iii) 5,085 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2023; (iv) 3,210 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2022; (v) 3,900 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021; and (vi) 84,451.18 shares that the reporting person has deferred under the Issuer's deferred compensation plan.