Timothy M. Kohl - Mar 14, 2023 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Signature
/s/ James J. Hinnendael, attorney-in-fact
Stock symbol
MRTN
Transactions as of
Mar 14, 2023
Transactions value $
-$191,797
Form type
4
Date filed
3/15/2023, 04:15 PM
Previous filing
May 5, 2022
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRTN Common Stock Award $0 +12.7K +4.77% $0.00 278K Mar 14, 2023 Direct F1, F2
transaction MRTN Common Stock Tax liability -$192K -9.3K -3.34% $20.63 269K Mar 14, 2023 Direct F2
* 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) 7,681 shares granted under a Performance Unit Award Agreement that vest on 12/31/2023 through 12/31/2026; (ii) 6,269 shares granted under a Performance Unit Award Agreement that vest on 12/31/2023 through 12/31/2025; (iii) 1,510 shares granted under a Performance Unit Award Agreement that vest on 12/31/2023 through 12/31/2024; and (iv) 1,695 shares granted under a Performance Unit Award Agreement that vest on 12/31/2023.