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 11, 2025, James J. Hinnendael, Executive VP and CFO of Marten Transport, had 2,438 common stock shares withheld at a price of $14.01 to cover employee taxes.
- This transaction occurred following the vesting of 4,674 shares.
- Following the transaction, Hinnendael directly owns 150,876 shares of Marten Transport.
- These holdings include shares granted under Performance Unit Award Agreements vesting between December 31, 2025, and December 31, 2028.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations on vested shares; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | Date of transaction: Shares withheld for taxes. |
| 03/12/2025 | Date of signature. |
| 12/31/2025 | First vesting date for Performance Unit Award Agreements. |
| 12/31/2026 | Vesting date for Performance Unit Award Agreement. |
| 12/31/2027 | Vesting date for Performance Unit Award Agreement. |
| 12/31/2028 | Last vesting date for Performance Unit Award Agreements. |
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