Marine Products (MPX) CEO Ben Palmer Surrenders 8,958 Shares for Taxes

What Happened
Ben M. Palmer, President, CEO and Director of Marine Products Corp (MPX), delivered/surrendered 8,958 shares on 2026-01-28 to satisfy a tax liability. The shares were valued at $9.44 each for a total of $84,564. The filing uses transaction code F, indicating withholding of shares to cover taxes rather than an open-market sale.

Key Details

• Transaction date: 2026-01-28; price used: $9.44 per share; total value surrendered: $84,564.
• Transaction code: F (payment of exercise price or tax liability via delivery/withholding of shares).
• Shares owned after the transaction: not specified in the information provided in this summary — check the full Form 4 for post-transaction holdings.
• Filing date: 2026-01-30 — appears to be filed within the standard two-business-day window (timely).

Context

• Code F transactions are typically routine tax withholding following an option exercise or restricted-stock vesting; the Form 4 here reports the withholding itself.
• This is not an open-market sale and does not necessarily indicate a change in the insider’s view of the company; it is an administrative step to satisfy tax obligations.
• For full details (underlying award, pre-transaction holdings, or related exercises/vestings), retail investors should review the complete Form 4 filing (accession 0001654954-26-000767).