MARTEN RANDOLPH L 4

What Happened
Marten Randolph L, a reported 10% owner of Marten Transport Ltd (MRTN), had 4,657 shares withheld and disposed to satisfy employee tax liabilities related to recently vested awards. The shares were valued at $13.90 each, for a total of $64,732, and the transaction is reported as tax withholding (transaction code F).

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-23.
• Shares withheld/disposed: 4,657 at $13.90 per share — total value $64,732.
• Transaction code: F (payment of exercise price or tax liability via share withholding).
• Footnote F1: Of 10,983 vested shares, 4,657 were withheld to pay employee taxes; all vested shares were previously reported as they vested.
• Footnote F2: Lists outstanding performance awards (totaling several thousand shares) with staggered vesting dates from 12/31/2026–12/31/2029.
• Shares owned after the transaction: not specified in the provided excerpt.

Context
This was a tax-withholding disposal tied to vesting of previously granted awards, not an open-market sale signaling a change in investment view. For retail investors, tax-withholding transactions are routine and generally do not convey the same sentiment information as voluntary market sales or purchases. Marten Randolph L is a 10% owner, so his filings reflect significant insider status but this specific action is administrative (covering taxes) rather than a directional trade.