ROLLINS GARY W 4
4 · MARINE PRODUCTS GROUP, LLC · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Marine Products 10% Owner Gary Rollins Sells 1.28M Shares
What Happened Gary W. Rollins, a reported 10% owner of Marine Products Group, LLC (MPX), disposed of a total of 1,282,062 Marine Products shares on May 15, 2026. The dispositions were made pursuant to the Merger Agreement with MasterCraft Boat Holdings — each Marine Products share converted into $2.43 cash and 0.232 shares of MasterCraft common stock. Based on MasterCraft’s closing price of $24.64 on May 14, 2026, the consideration equals roughly $3.12M cash plus ~297,506 MasterCraft shares (≈ $7.33M), for a combined approximate value of $10.45M.
Key Details
- Transaction date: May 15, 2026; Form filed May 19, 2026 (timely within the two-business-day Form 4 window).
- Transaction code: J — other acquisition/disposition in connection with a corporate transaction (merger conversion).
- Consideration per MPX share: $2.43 cash + 0.232 MasterCraft shares; MasterCraft price used in filing: $24.64 (close 5/14/2026).
- Shares disposed: 731,150; 219,149; 327,258; and 4,505 (total 1,282,062).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 — dispositions occurred under the February 5, 2026 Merger Agreement converting MPX shares into cash and MasterCraft stock; F2 — Rollins disclaims beneficial ownership except for pecuniary interest.
Context This was a conversion/settlement tied to a merger—not an open-market sale or option exercise—so the transaction reflects corporate deal consideration rather than an independent trading decision. As a 10% owner (not an officer trade), the filing mainly documents the mechanics and value of the merger payout; it should not be read as a direct signal of personal buy/sell intent.
Insider Transaction Report
- Other
Common Stock, $.10 Par Value
[F1]2026-05-15−731,150→ 0 total - Other
Common Stock, $.10 Par Value
[F1][F2]2026-05-15−219,149→ 0 total(indirect: By Trust) - Other
Common Stock, $.10 Par Value
[F1][F2]2026-05-15−327,258→ 0 total(indirect: Held indirectly through WNEG Investments, L.P.) - Other
Common Stock, $.10 Par Value
[F1][F2]2026-05-15−4,505→ 0 total(indirect: By Spouse)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026 (the "Merger Agreement"), by and among MasterCraft Boat Holdings, Inc. ("MasterCraft"), Marine Products Corporation ("Marine Products"), Titan Merger Sub 1, Inc., a direct wholly owned subsidiary of MasterCraft, and Titan Merger Sub 2, LLC, a direct wholly owned subsidiary of MasterCraft, at the First Effective Time (as defined in the Merger Agreement), each share of Marine Products' common stock, par value $0.10 per share, was converted into the right to receive $2.43 in cash, without interest, and 0.232 shares of MasterCraft common stock, par value $0.01 per share. The market price of MasterCraft common stock was $24.64 per share at the close of business May 14, 2026.
- [F2]The reporting person disclaims for the purpose of Section 16 of the Securities Exchange Act of 1934 the beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership.