Hinnendael James J 4
4 · MARTEN TRANSPORT LTD · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Marten Transport CFO James J. Hinnendael Receives Award
What Happened
James J. Hinnendael, Chief Financial Officer of Marten Transport Ltd. (MRTN), was granted 6,766 shares under a Performance Unit Award Agreement on 2026-05-05. The award is reported as an acquisition (code A) at $0.00 per share (total reported value $0). The grant is a compensation award, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-05; Form 4 filed: 2026-05-07 (timely).
- Transaction type/code: Award/Grant (A).
- Shares granted: 6,766; reported acquisition price: $0.00 (no cash paid).
- Vesting: Per footnote, the 6,766 shares vest in equal increments over five years beginning 12/31/2026.
- Additional awards: Footnote shows the insider also has other performance awards vesting on various schedules totaling 18,108 shares (6,766; 5,446; 3,078; 1,765; 1,053).
- Shares owned after transaction: Not specified in this filing.
- No 10b5-1 plan, tax-withholding sale, or late filing noted in the Form 4.
Context
This was a compensation grant (performance units) rather than a market trade. Awards are common executive pay and vest over time and/or upon meeting performance conditions, so they do not represent immediate buying or selling pressure. Retail investors should view this as routine executive compensation rather than a direct endorsement to buy or sell shares.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-05-05+6,766→ 161,564 total
Footnotes (2)
- [F1]These shares granted under a Performance Unit Award Agreement will vest in equal increments over five years beginning on December 31, 2026.
- [F2]Includes: (i) 6,766 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2030; (ii) 5,446 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2029; (iii) 3,078 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2028; (iv) 1,765 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2027; and (v) 1,053 shares granted under a Performance Award Agreement that vest on 12/31/2026.