Baier Randall John 4
4 · MARTEN TRANSPORT LTD · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Marten Transport (MRTN) Exec VP Randall Baier Receives Award
What Happened
Randall John Baier, Executive Vice President & Chief Technology Officer of Marten Transport (MRTN), received a grant of 4,817 shares as a performance unit award on 2026-05-05. The Form 4 reports the acquisition price as $0.00 (award/grant), so this was a compensation grant rather than an open-market purchase.
Key Details
- Transaction date: 2026-05-05 (Form 4 filed 2026-05-07). Transaction code: A (award/grant). Filing appears timely.
- Shares in this grant: 4,817 shares; reported acquisition price: $0.00.
- Filing notes: The 4,817-share award vests in equal increments over five years beginning 12/31/2026 (Footnote F1).
- The filing also references additional performance awards: total of 11,922 shares across several awards with staggered vesting dates (12/31/2026 through 12/31/2030) as detailed in Footnote F2.
- No immediate sale or cashless exercise was reported — these are time- and performance‑based awards, not market trades.
Context
This is a compensation grant (performance units) that will vest over future dates if applicable conditions are met. Such awards are routine for executive compensation and do not represent an immediate market purchase or sale. Investors should note vesting schedules and any future sales when assessing insider conviction.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-05-05+4,817→ 22,564 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) 4,817 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2030; (ii) 3,966 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2029; (iii) 2,239 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2028; (iv) 600 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2027; (v) 300 shares granted under a Performance Award Agreement that vest on 12/31/2026.