Form 4: Marten Transport CEO Timothy Kohl Disposes of Shares for Tax Obligations
SEC Form 4
CEO Timothy Kohl disposed of 3,606 shares of Marten Transport stock on March 12, 2024, to cover employee tax obligations related to vested shares.
Summary
- On March 12, 2024, Timothy Kohl, CEO of Marten Transport Ltd, disposed of 3,606 shares of common stock to cover employee taxes.
- The shares were withheld in exchange for payment of employee taxes related to vested shares.
- Following the transaction, Kohl directly owns 273,115 shares of Marten Transport.
- These holdings include shares granted under Performance Unit Award Agreements that vest between December 31, 2024, and December 31, 2027.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common among publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of transaction: Disposal of 3,606 shares for tax obligations. |
| 03/13/2024 | Date of signature by attorney-in-fact. |
| 12/31/2024 | Vesting date for shares granted under Performance Unit Award Agreements. |
| 12/31/2025 | Vesting date for shares granted under Performance Unit Award Agreements. |
| 12/31/2026 | Vesting date for shares granted under Performance Unit Award Agreements. |
| 12/31/2027 | Vesting date for shares granted under Performance Unit Award Agreements. |
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