Schmit Michael 4

What Happened

• Michael Schmit, CFO and Corporate Secretary of Marine Products Corp (MPX), received a grant of 24,900 restricted common shares on 2026-01-27. The filing shows this as an award/acquisition; no per-share price or total dollar value is listed in the Form 4.

Key Details

• Transaction date: 2026-01-27; Form 4 filed 2026-01-29 (appears timely).
• Shares granted: 24,900 restricted shares (award/acquisition). Price: N/A / not reported.
• Shares owned after transaction: Not disclosed in the information provided in this summary.
• Footnote: The 24,900 shares are restricted stock that vest annually in 33 1/3% increments beginning in 2027 (Footnote F1).
• No 10b5-1 plan, tax withholding, or sale reported in this filing.

Context

• Restricted stock awards are a form of compensation and typically vest over time; they do not represent an open-market purchase or sale by the insider at grant. Such grants align executive incentives with shareholder value but do not by themselves indicate immediate buying or selling activity in the market.