Petit Douglas Paul 4

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.