Form 4: Marten Transport Exec VP James Hinnendael Reports Tax Withholding on Share Vesting
SEC Form 4 Filing
James Hinnendael, Executive VP and CFO of Marten Transport, reports the withholding of shares to cover employee taxes upon vesting of previously reported shares.
Summary
- On March 12, 2024, James J. Hinnendael, Executive VP and CFO of Marten Transport Ltd., had 2,388 common stock shares withheld to cover employee taxes.
- These shares were withheld from the vesting of 4,669 shares that had been previously reported.
- Following the transaction, Hinnendael directly owns 148,187 shares of Marten Transport common stock.
- The reported holdings include shares granted under Performance Unit Award Agreements vesting between December 31, 2024, and December 31, 2027.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily concerns the executive's tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of transaction: Shares withheld for tax obligations. |
| 03/13/2024 | Date of signature on the Form 4 filing. |
| 12/31/2024 | Vesting date for multiple Performance Unit Award Agreements. |
| 12/31/2025 | Vesting date for Performance Unit Award Agreement. |
| 12/31/2026 | Vesting date for Performance Unit Award Agreement. |
| 12/31/2027 | Vesting date for Performance Unit Award Agreement. |
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