Schmit Michael 4

What Happened
Michael Schmit, CFO and Corporate Secretary of Marine Products Corp. (MPX), disposed of 3,112 shares on January 23, 2026. The shares were surrendered/disposed at $9.63 per share for a total of $29,969 as a payment related to tax withholding (transaction code F). This was not an open‑market sale for cash appreciation but a routine withholding to cover tax obligations.

Key Details

• Transaction date: 2026-01-23; price: $9.63 per share; total value: $29,969.
• Transaction type/code: F — Payment of exercise price or tax liability (shares withheld/disposed to cover taxes).
• Shares owned after transaction: Not disclosed in this Form 4.
• Filing: Report filed on 2026-01-27 (timely under Form 4 rules for a Jan 23 transaction).
• No 10b5-1 plan or other special plan noted in the reported transaction.

Context
Code F transactions typically reflect withholding or surrender of shares to satisfy tax obligations from stock option exercises or vested awards. These disposals are administrative and generally do not signal a change in insider sentiment about the company; purchases are typically a stronger indicator of bullishness.