ROLLINS HOLDING COMPANY, INC. 4
4 · MARINE PRODUCTS GROUP, LLC · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Marine Products (MPX) 10% Owner Rollsins Disposes 343,479 Shares
What Happened
- Rollsins Holding Company, Inc., a reported 10% owner of Marine Products Group (MPX), recorded a disposition of 343,479 shares on 2026-05-15 under transaction code J ("other acquisition or disposition"). The Form 4 lists the per-share price as N/A because the shares were converted under a merger agreement into consideration consisting of $2.43 cash and 0.232 shares of MasterCraft common stock. Using MasterCraft's $24.64 close on May 14, 2026 (per the filing footnote), the implied value is about $8.15 per Marine Products share, or roughly $2.8 million in total.
Key Details
- Transaction date: 2026-05-15 (reported on Form 4 filed 2026-05-19).
- Form price: N/A (disposition via merger conversion; see footnote).
- Consideration per share per Merger Agreement: $2.43 cash + 0.232 MasterCraft shares.
- MasterCraft market price cited in filing: $24.64/share (close on May 14, 2026).
- Implied value: ≈ $8.15 per share; total ≈ $2.8M (calculated from footnote figures).
- Shares owned after transaction: not provided in the excerpt.
- Filing timing: Form 4 filed four days after the reported transaction date (May 19 vs May 15); Form 4 rule requires filing generally within 2 business days, so this appears later than standard timing.
Context
- This was an institutional disposition tied to the Merger Agreement (conversion of Marine Products shares into cash + MasterCraft stock), not an open-market sale by an individual insider. Such merger-driven conversions are procedural and reflect deal consideration rather than a discretionary sell signal by management.
Insider Transaction Report
Form 4Exit
ROLLINS HOLDING COMPANY, INC.
10% Owner
Transactions
- Other
Common Stock, $.10 Par Value
[F1]2026-05-15−343,479→ 0 total
Footnotes (1)
- [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.
Signature
/s/ Rollins Holding Company, Inc., By: R. Todd Rice, Treasurer|2026-05-19