Form 4: Marine Products Corp Director Gifts Shares
SEC Form 4 Filing
Director Timothy Curtis Rollins gifted shares of Marine Products Corp stock on August 15th and 16th, 2024.
Summary
- On August 15, 2024, Timothy Curtis Rollins, a director of Marine Products Corp, gifted 12,288 shares of common stock.
- The gift was made for no consideration, meaning no payment was received in return.
- Following this transaction, Rollins directly owns 72,987 shares.
- On August 16, 2024, Rollins gifted an additional 10,953 shares of common stock.
- Following this transaction, Rollins directly owns 62,034 shares.
- Rollins also indirectly owns 284 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a gift of shares, which is neither inherently positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The gifts of shares by a director could be perceived in various ways by stakeholders, but the impact is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Rollins gifted 12,288 shares of Marine Products Corp common stock. |
| 08/16/2024 | Rollins gifted 10,953 shares of Marine Products Corp common stock. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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