Form 4: MPX CFO Sells Shares for Tax Obligations

Marine Products Corp's CFO, Michael Schmit, reported the disposition of 1,045 common shares at $9.25 each to cover tax withholding obligations.

Summary

• Michael Schmit, the Chief Financial Officer and Corporate Secretary of Marine Products Corp (MPX), reported a transaction involving the company's common stock.
• On January 26, 2026, Mr. Schmit disposed of 1,045 shares of common stock.
• The shares were disposed of at a price of $9.25 per share.
• This transaction was coded as 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, Mr. Schmit directly beneficially owns 55,957 shares of Marine Products Corp common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to satisfy tax withholding obligations, which is a common, non-discretionary event for executives receiving equity compensation. It does not indicate a change in management's confidence or company performance.

Industry Context

This filing reports a routine insider transaction for tax purposes and does not provide broader industry context or trends.

Related Party Transactions

• Michael Schmit, the CFO and Corporate Secretary, disposed of 1,045 shares of common stock to the issuer to satisfy tax withholding obligations, which is a transaction between a related party (officer) and the company.

Stakeholder Impact

• Shareholders: Minimal impact due to the small number of shares involved and the non-discretionary nature of the transaction (tax withholding).

Key Dates

Keywords

Marine Products Corp, MPX, Michael Schmit, CFO, Insider Transaction, Form 4, Stock Disposition, Tax Withholding