Marten Transport (MRTN) CTO Randall Baier Withholds 1,273 Shares

What Happened

• Randall John Baier, Executive Vice President & Chief Technology Officer of Marten Transport (MRTN), had 1,273 shares withheld to satisfy tax withholding obligations related to vested equity. The withholding was reported as a disposition under code F: 1,273 shares at $13.90 per share, total value $17,695, on 2026-02-20.
• According to the filing, 2,538 shares vested in total and 1,273 of those were withheld to cover employee taxes. The filing notes that all vested shares were previously reported as they vested.

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-23 (timely filing).
• Transaction type/code: F — shares withheld to satisfy tax liabilities (not an open-market sale).
• Withheld: 1,273 shares at $13.90 = $17,695.
• Vested shares involved: 2,538 total; 1,273 withheld for taxes (footnote F1).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Other equity referenced (unvested/performance awards — footnote F2): 3,966 shares vesting 12/31/2026–12/31/2029; 2,239 shares vesting 12/31/2026–12/31/2028; 600 shares vesting 12/31/2026–12/31/2027; 300 shares vesting 12/31/2026.
• Filing appears timely (within required Form 4 window).

Context

• This was a routine tax-withholding event tied to vesting, not an intentional open-market sale or purchase — such withholdings are common and typically done to cover tax obligations when equity vests. It should not be interpreted as a directional bet by the insider.