HUBBELL RICHARD A 4

What Happened Richard A. Hubbell, Executive Chairman of the Board of Marine Products Corp (MPX), surrendered 2,613 shares on 2026-01-26 to satisfy tax withholding obligations. The shares were valued at $9.25 each, totaling $24,170. This was a disposition to cover taxes (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-01-26 at $9.25 per share (2,613 shares; $24,170 total).
• Transaction type: Code F — shares surrendered/withheld to cover tax liability (often following option exercise or award vesting).
• Filing date: 2026-01-28 (filed within typical 2-business-day window; appears timely).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Notable: This is a tax-withholding/cashless-type disposition, not a directional purchase or market sale.

Context Tax-withholding dispositions are a routine way for insiders to satisfy tax obligations after exercises or vesting and do not necessarily signal confidence or concern about the company. For retail investors, outright purchases (buys) are generally more informative than routine tax-related surrenders.