Form 4: Marten Transport CEO Timothy Kohl Disposes of Shares for Tax Obligations
SEC Form 4 Filing
CEO Timothy Kohl disposed of 3,850 shares of Marten Transport stock to cover employee tax obligations related to vested shares.
Summary
- On March 11, 2025, Timothy Kohl, CEO of Marten Transport, disposed of 3,850 shares of common stock to cover employee taxes.
- The shares were withheld at a price of $14.01 per share.
- Following the transaction, Kohl directly owns 278,611 shares of Marten Transport.
- These holdings include shares granted under Performance Unit Award Agreements that vest between December 31, 2025, and December 31, 2028.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions. It doesn't convey any particularly positive or negative sentiment.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedules of the Performance Unit Awards.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and are a normal part of corporate governance. This transaction is related to tax obligations, which is a common reason for share disposals.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | Date of the transaction where shares were disposed of. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
| 12/31/2025 | First vesting date for shares granted under Performance Unit Award Agreements. |
| 12/31/2026 | Vesting date for shares granted under a Performance Unit Award Agreement. |
| 12/31/2027 | Vesting date for shares granted under a Performance Unit Award Agreement. |
| 12/31/2028 | Final vesting date for shares granted under Performance Unit Award Agreements. |
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