HUBBELL RICHARD A 4

What Happened Richard A. Hubbell, Executive Chairman of the Board of Marine Products Corp (MPX), was granted 44,000 restricted shares on January 27, 2026. The filing shows this as an award/acquisition (no cash price or sale proceeds reported). This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-27; Form 4 filed 2026-01-29 (appears timely).
• Transaction type/code: Award / Grant (A); no per-share price reported (N/A).
• Shares granted: 44,000 restricted shares.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The 44,000 restricted shares vest annually in three equal (33 1/3%) installments beginning in 2027.
• No indication of a 10b5-1 plan, cashless exercise, gift, or tax-withholding disposition in this filing.

Context Restricted stock awards are a common form of executive compensation intended for retention and alignment with shareholders; they do not represent an immediate market purchase or sale. Because vesting is staggered over three years, these shares will only become freely tradable (if unrestricted) as the vesting installments occur. As with all insider filings, the award is factual disclosure rather than a direct signal of near-term trading intent.