Marten Transport (MRTN) executive compensation, 2026 proxy

Randolph L. Marten, Chairman and Chief Executive Officer, was paid $1.2M in 2025, down 4% from $1.2M the year before. The CEO-to-median-employee pay ratio was 15:1, on median employee pay of $75,053.

Filed
March 17, 2026
Annual meeting
May 5, 2026
Pay year
2025
Named executives
6
CEO total pay
$1.2M-4% vs prior year
CEO to median employee
15:1median $75,053
CEO pay in equity
30%$342,998 in awards
Prior say-on-pay support
98%of votes cast
CEO Salary
$801,483Paid bi-weekly across 26 pay periods
CEO Stock Awards
$342,998Performance-based stock awards grant
Median Employee Pay
$75,053Annual total compensation
Say-on-Pay Support
98%Approval at prior annual meeting

How Marten was paid

$1.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary69%Stock awards30%All other compensation1%

Named executive officers

ExecutiveTotal
Randolph L. MartenChairman and Chief Executive Officer$1,154,303
James J. HinnendaelExecutive Vice President and Chief Financial Officer$615,218
Douglas P. PetitPresident$570,544
Adam D. PhillipsExecutive Vice President and Chief Operating Officer$441,206
Randall J. BaierExecutive Vice President and Chief Technology Officer$428,536
Timothy M. KohlFormer Chief Executive Officer$1,497,969

What changed and why

  • $1.2MRandolph L. Marten received total compensation of $1,154,303 for fiscal 2025, representing a decrease from $1,197,381 in fiscal 2024.
  • $620KFormer CEO Timothy M. Kohl received a lump-sum separation payment of $620,000 in connection with his retirement.
  • 98%Over 98% of votes cast approved executive compensation at the previous annual meeting.
  • The CEO to median employee pay ratio was approximately 15 to 1.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.