HUBBELL RICHARD A 4

What Happened

• Richard A. Hubbell, Executive Chairman of the Board and a Director of Marine Products Corp (MPX), disposed of 5,166 shares on Jan 28, 2026. The shares were reported at $9.44 each for a total value of $48,767.
• The transaction is coded "F" (payment of exercise price or tax liability), meaning shares were surrendered/withheld to satisfy tax obligations related to a prior equity award or option exercise, not an open-market sale.

Key Details

• Transaction date: 2026-01-28
• Price per share: $9.44; Shares disposed: 5,166; Total value: $48,767
• Transaction code: F — payment of exercise price or tax liability (share withholding)
• Shares owned after the transaction: not specified in the Form 4 filing
• Filing date: 2026-01-30 (filed within the normal 2-business-day reporting window; no late filing indicated)

Context

• Code F transactions are generally routine tax-withholding actions tied to vesting or option exercises. The shares were surrendered to cover taxes rather than sold on the open market, so this disposal is not necessarily a bearish signal.
• The Form 4 reports the withholding disposal itself; it may not show the original award or exercise event that triggered the tax obligation.