Hinnendael James J 4
4 · MARTEN TRANSPORT LTD · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Marten Transport (MRTN) CFO James Hinnendael Shares Withheld for Taxes
What Happened
- James J. Hinnendael, Executive Vice President and Chief Financial Officer of Marten Transport, had 2,885 shares withheld to satisfy employee tax obligations related to recently vested shares. The withholding price was $13.90 per share, for a total value of $40,102. The transaction is reported as a disposition under code F (tax withholding).
Key Details
- Transaction date: 2026-02-20; Report filed: 2026-02-23 (not flagged as late).
- Withheld shares: 2,885 at $13.90 each = $40,102.
- This withholding was applied against 5,531 shares that vested (per footnote F1); all vested shares were reported as they vested.
- Footnote F2: additional performance-based awards totaling 11,342 shares (5,446; 3,078; 1,765; 1,053) vest on various dates between 12/31/2026 and 12/31/2029.
- Shares owned after the transaction are not specified in the provided filing excerpt.
Context
- This was a routine tax-withholding (often called "sell-to-cover") on vested awards — a disposition for tax purposes rather than an open-market sale indicating a trading decision. Such transactions are common when equity awards vest and do not, by themselves, signal management's view of the company's stock.
Insider Transaction Report
Form 4
Hinnendael James J
Exec. VP and CFO
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-02-20$13.90/sh−2,885$40,102→ 154,798 total
Footnotes (2)
- [F1]Of the 5,531 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) 5,446 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2029; (ii) 3,078 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2028; (iii) 1,765 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2027; and (iv) 1,053 shares granted under a Performance Award Agreement that vest on 12/31/2026.
Signature
/s/ James J. Hinnendael, attorney-in-fact|2026-02-23