Petit Douglas Paul 4

4 · MARTEN TRANSPORT LTD · Filed Feb 23, 2026

AI-generated summary of this filing

Updated Feb 23, 2026

Marten Transport President Doug Petit Has 2,299 Shares Withheld

What Happened

Doug (Douglas Paul) Petit, President of Marten Transport Ltd. (MRTN), had 2,299 vested shares withheld to satisfy employee tax withholding obligations on 2026-02-20. The withholding was reported as a disposition (transaction code F) at $13.90 per share, valued at $31,956.

Key Details

Transaction date and price: 2026-02-20 at $13.90 per share.
Shares withheld/disposed: 2,299; total value reported: $31,956.
Reason/code: F — shares were withheld to pay taxes on vested awards (cashless/tax withholding), not an open-market sale.
Vesting context (F1): Of 4,407 shares that vested, 2,299 were withheld for taxes; all vested shares were previously reported as they vested based on service.
Outstanding/unvested awards (F2): Includes performance awards totaling 11,038 shares with various vesting schedules (5,300; 2,994; 1,719; 1,025) vesting between 12/31/2026 and 12/31/2029.
Shares owned after transaction: Not specified in the provided filing excerpt.
Filing: Report filed 2026-02-23 for a 2026-02-20 transaction — appears to be filed within the normal Form 4 timeframe (timely).

Context

This was a routine tax-withholding disposition (code F) tied to vested awards — commonly handled by withholding shares rather than selling on the open market. Such withholding transactions are administrative and do not necessarily indicate a change in insider sentiment about the company.

Form 4

Period: 2026-02-20

President

Transactions

Tax Payment
Common Stock
[F1][F2]
2026-02-20$13.90/sh−2,299$31,956→ 34,162 total

Footnotes (2)

[F1]Of the 4,407 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) 5,300 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2029; (ii) 2,994 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2028; (iii) 1,719 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2027; and (iv) 1,025 shares granted under a Performance Award Agreement that vest on 12/31/2026.

Signature

/s/ James J. Hinnendael, attorney-in-fact|2026-02-23

1 file