SPY414.92-5.67 -1.35%
DIA332.96-5.20 -1.54%
IXIC14,030.38-130.97 -0.92%

Insider Trends: Marten Transport Insider Disposes of Shares for Tax Slowing 90-Day Buy Trend

05/10/2021 12:21

04:18 PM EDT, 05/10/2021 (MT Newswires) -- James J Hinnendael, Exec. Vice President and CFO, sold 7,237 shares of Marten Transport (MRTN) for approximately $128,167 to meet tax obligations on May 06, 2021. After the Form 4 filing with the SEC, Hinnendael owns 160,557 shares of company stock, with a market value, based on the prior-day closing price, of $2.84 million.

Over the last 90 days, previous to the date of this filing, there have been 26 insider transactions reported to the SEC for Marten Transport. These transactions came from the activities of 10 different insiders that resulted in a net acquisition of 81,163 company shares. Relative to the preceding 90-day window of time, there were 7 transactions from 5 insiders and resulted in the net acquisition of 20,265 shares.

This represents a lower level of transactions than the peer group average in the 16-company Freight Trucking peer group over the last 90-day period. Activity in the peer group averaged 121.0 transactions per company, and disposition of 27,556 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/799167/000123580221000043/xslF345X03/primary_doc.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.