Adam Daniel Phillips - Mar 12, 2024 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Signature
/s/ James J. Hinnendael, attorney-in-fact
Stock symbol
MRTN
Transactions as of
Mar 12, 2024
Transactions value $
-$11,602
Form type
4
Date filed
3/13/2024, 04:31 PM
Previous filing
Dec 21, 2023
Next filing
May 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRTN Common Stock Tax liability -$11.6K -610 -14.52% $19.02 3.59K Mar 12, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the 1,400 shares that vested, this number of shares were withheld in exchange for payment of employee taxes. All vested shares were previously reported as they vested based on service.
F2 Includes: (i) 1,200 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2027; (ii) 900 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2026; (iii) 400 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2025; and (iv) 300 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024.