Palmer Ben M 4

What Happened

• Ben M. Palmer, President & CEO and a director of Marine Products Corp (MPX), was granted 85,300 restricted shares on January 27, 2026. The award has no purchase price listed (it is an equity award/compensation grant), so no cash changed hands at grant.
• This is an award (transaction code A), not an open-market purchase or sale—typical of executive compensation rather than a directional bet on the stock.

Key Details

• Transaction date: 2026-01-27; Filing date (Form 4): 2026-01-29 (filed within the 2-business-day window).
• Price: N/A (restricted stock award); no immediate market value reported in the filing.
• Shares granted: 85,300 restricted shares.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: The 85,300 shares vest in three equal installments of 33 1/3% annually beginning in 2027.
• Filing timeliness: On-time (not reported as late).

Context

• Restricted stock awards vest over time and are subject to forfeiture until vested, so the recipient cannot immediately sell the full award. This is a compensation grant rather than a market purchase or sale, and should be viewed as part of executive pay structure rather than a direct signal of insider trading intent.