Hinnendael James J 4

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.