Phillips Adam Daniel 4
4 · MARTEN TRANSPORT LTD · Filed Jul 25, 2024
Insider Transaction Report
Form 4
Phillips Adam Daniel
EVP & Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2024-07-25$10.87/sh+4,500$48,902→ 11,948 total - Sale
Common Stock
2024-07-25$18.34/sh−4,500$82,535→ 7,448 total - Exercise/Conversion
Stock Option (right to buy)
2024-07-25−4,500→ 0 totalExercise: $10.87Exp: 2024-08-15→ Common Stock (4,500 underlying)
Footnotes (3)
- [F1]Includes: (i) 3,858 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2028; (ii) 1,200 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2027; (iii) 900 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2026; (iv) 400 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024 through 12/31/2025; and (v) 300 shares granted under a Performance Unit Award Agreement that vest on 12/31/2024.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.3401 to $18.35, inclusive. The reporting person undertakes to provide to Marten Transport, Ltd., any security holder of Marten Transport, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- [F3]All shares are vested.