Welcome to our dedicated page for Marten Trans SEC filings (Ticker: MRTN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Marten Transport Ltd. SEC filings document the company’s public-company reporting for its temperature-sensitive and dry truck-based transportation business. Recent Form 8-K reports furnish quarterly and annual financial results, including operating revenue, fuel surcharge revenue, operating expenses and Regulation G reconciliations for non-GAAP measures that exclude fuel surcharge effects.
The filing record also includes proxy materials for annual stockholder meeting matters, board governance and common-stock voting procedures, along with material-event disclosures covering executive transition arrangements and related employment separation terms. These filings identify Marten’s common stock as listed on the Nasdaq Global Select Market under MRTN.
Phillips Adam Daniel reported acquisition or exercise transactions in this Form 4 filing.
Marten Transport EVP & COO Adam Daniel Phillips received a grant of 4,661 shares of common stock as a performance-based award at no cost per share. After this award, he directly holds 15,284 shares. The new grant vests in equal installments over five years beginning on December 31, 2026.
Petit Douglas Paul reported acquisition or exercise transactions in this Form 4 filing.
Marten Transport Ltd President Douglas Paul Petit received 6,423 shares of Common Stock as a stock grant. The shares were awarded at a price of $0.00 per share as compensation, not through an open-market purchase.
After this grant, he directly holds 40,585 shares of Marten Transport Common Stock. The 6,423-share award is structured under a Performance Unit Award Agreement and will vest in equal increments over five years beginning on December 31, 2026, tying full ownership to continued service and performance over time.
Baier Randall John reported acquisition or exercise transactions in this Form 4 filing.
Marten Transport Ltd executive Randall John Baier, Executive VP & Chief Technology Officer, received a grant of 4,817 shares of common stock at no cost as a compensation award. These shares, granted under a Performance Unit Award Agreement, will vest in equal increments over five years beginning on December 31, 2026.
After this award, Baier directly holds 22,564 shares of common stock, which include several prior performance awards with vesting schedules running from December 31, 2026 through December 31, 2030. This filing reflects a stock-based compensation grant rather than an open-market purchase or sale.
Marten Transport, Ltd. reported weaker results for the first quarter ended March 31, 2026. Net income fell to $1.4 million, or $0.02 per diluted share, compared with $4.3 million, or $0.05 per diluted share, a year earlier. Operating revenue declined to $203.5 million from $223.2 million, an 8.8% decrease, partly reflecting the 2025 sale of its intermodal operations.
Operating income dropped to $1.6 million from $5.9 million as the consolidated operating ratio worsened to 99.2% from 97.4%, indicating thinner margins. Management cited severe winter storms, higher diesel prices and a prolonged freight market recession as key pressures, though truckload and dedicated revenue per tractor improved. The company highlighted a debt‑free balance sheet and cash and cash equivalents of $69.8 million as support for ongoing investment in technology and its modern fleet.
Marten Transport, Ltd. is soliciting proxies for its 2026 annual stockholder meeting on May 5, 2026, in Mondovi, Wisconsin. Stockholders of record on March 6, 2026, when 81,589,135 common shares were outstanding, are entitled to one vote per share.
Key items include electing seven directors, an advisory vote on executive compensation, and ratifying Grant Thornton LLP as independent auditor. The board highlights a majority of independent directors, formal risk oversight, a hedging ban for insiders, a Nasdaq-compliant clawback policy, and broad codes of ethics.
The company emphasizes performance-linked pay, using base salary plus long-term equity awards. In 2025, CEO compensation was $1,154,303 versus median employee pay of $75,053, a 15:1 ratio. Prior say‑on‑pay received strong support, and the board continues annual advisory votes on pay.
Marten Transport reported 2025 operating revenue of $883.7 million, down 8.3% from 2024, as a softer freight market weighed on all segments. Revenue excluding fuel surcharges fell 7.3% to $779.0 million and fuel surcharge revenue declined to $104.7 million.
Operating income dropped 31.0% to $22.9 million, with the consolidated operating ratio weakening to 97.4% from 96.6%. Net income fell 35.2% to $17.4 million, or $0.21 per diluted share. Truckload, Dedicated and Intermodal all saw lower revenue, while Brokerage grew modestly.
The company sold its Intermodal operations effective September 30, 2025 and operated 2,654 tractors and 5,107 trailers at year-end. Marten ended 2025 with $48.3 million in cash and cash equivalents and no long-term debt, paid $0.24 per share in annual dividends, and continues an authorized share repurchase program.
Marten Transport Ltd Chairman and CEO Randolph L. Marten reported a Form 4 transaction involving company common stock tied to equity award vesting. On this date, 4,657 shares were disposed of at $13.90 per share to cover employee tax obligations on 10,983 vested shares, as noted in the footnotes. Following this tax-withholding disposition, he directly owned 17,731,800 common shares, and the footnotes indicate additional unvested performance-based awards scheduled to vest between December 31, 2026 and December 31, 2029.
Marten Transport Ltd Executive VP and CFO James J. Hinnendael reported a tax-related share disposition. On this Form 4, 2,885 shares of common stock were withheld at $13.90 per share to cover employee taxes on 5,531 recently vested shares, rather than being sold on the open market. After this withholding transaction, he directly holds 154,798 shares, which include multiple performance award grants scheduled to vest between December 31, 2026 and December 31, 2029.
Marten Transport Ltd executive Adam Daniel Phillips reported a Form 4 showing a tax-related share disposition, not an open-market trade. On the transaction date, 1,131 shares of common stock were withheld at $13.90 per share to cover employee taxes on 2,596 newly vested shares. After this withholding, he directly owned 10,623 shares. Footnotes indicate the vested shares had been previously reported as they vested based on service and also describe additional performance-based awards scheduled to vest between 12/31/2026 and 12/31/2029.