Timothy M. Kohl - Mar 1, 2022 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Role
Chief Executive Officer
Signature
/s/ James J. Hinnendael, attorney-in-fact
Stock symbol
MRTN
Transactions as of
Mar 1, 2022
Transactions value $
-$396,555
Form type
4
Date filed
3/3/2022, 04:02 PM
Previous filing
Dec 28, 2021
Next filing
May 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRTN Common Stock Award $0 +10.4K +3.88% $0.00 279K Mar 1, 2022 Direct F1, F2
transaction MRTN Common Stock Tax liability -$168K -9.7K -3.48% $17.31 269K Mar 1, 2022 Direct F2
transaction MRTN Common Stock Tax liability -$229K -13.2K -4.91% $17.31 256K Mar 1, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Excludes shares that were previously reported as they vested based on service.
F2 Includes: (i) 8,360 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (ii) 2,265 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iii) 3,390 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (iv) 1,605 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022.
F3 These shares were withheld to cover the estimated tax withholding obligations in connection with the issuance of 29,289 shares released from the Issuer's deferred compensation plan which terminated effective May 5, 2021.