James J. Hinnendael - Nov 23, 2021 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Signature
/s/ James J. Hinnendael
Stock symbol
MRTN
Transactions as of
Nov 23, 2021
Transactions value $
-$161,263
Form type
4
Date filed
11/24/2021, 03:18 PM
Previous filing
Oct 6, 2021
Next filing
Dec 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRTN Common Stock Tax liability -$161K -9.28K -6.01% $17.37 145K Nov 23, 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 16,880 shares released from the Issuer's deferred compensation plan which terminated effective May 5, 2021.
F2 Includes: (i) 6,040 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2025; (ii) 2,020 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2024; (iii) 3,060 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2023; (iv) 2,130 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021 through 12/31/2022; (v) 2,375 shares granted under a Performance Unit Award Agreement that vest on 12/31/2021; and (vi) 16,879.43 shares that the reporting person has deferred under the Issuer's deferred compensation plan.