Palmer Ben M 4

What Happened
Ben M. Palmer, President & CEO and a director of Marine Products Corp (MPX), disposed of 3,138 shares on Jan 26, 2026. The shares were disposed at $9.25 each, totaling $29,027. The filing shows the transaction code F, indicating the shares were used to pay an exercise price or satisfy a tax liability (i.e., tax withholding), not an open-market sale.

Key Details

• Transaction date: 2026-01-26; Price: $9.25 per share; Shares: 3,138; Value: $29,027
• Transaction code: F — payment of exercise price or tax liability (shares withheld/disposed)
• Shares owned after the transaction: not specified in the supplied filing details
• Filing date: 2026-01-28 (appears filed within the standard 2-business-day window)
• Notes: This is a withholding/tax-related disposition rather than a voluntary open-market sale

Context
When executives exercise stock options or shares vest, companies commonly withhold shares to cover taxes. That withholding reduces the insider’s reported shares but is routine and usually reflects tax obligations from compensation rather than a deliberate market exit. Purchases generally carry more interpretive weight for bullish sentiment than tax-withholding disposals.