Let $E$ be a Banach space such that $E'$ has the Radon-Nikodým property. The aim of this work is to connect relative weak compactness in the $E$-valued martingale Hardy space $H^{1}(μ,E)$ to a convex compactness criterion in a weaker topology, such as the topology of uniform convergence on compacts in measure. These results represent a dynamic version of the deep result of Diestel, Ruess, and Schachermayer on relative weak compactness in $L^{1}(μ,E)$. In the reflexive case, we obtain a Kadec-Pełczyński dichotomy for $H^{1}(μ,E)$-bounded sequences, which decomposes a subsequence into a relatively weakly compact part, a pointwise weakly convexly convergent part, and a null part converging to zero uniformly on compacts in measure. As a corollary, we investigate a parameterized version of the vector-valued Komlós theorem without the assumption of $H^{1}(μ,E)$-boundedness.