HUBBELL RICHARD A 4

What Happened
Richard A. Hubbell, former Executive Chairman and director of Marine Products Group (MPX), reported two merger-related transactions effective 2026-05-15. He had 40,245 shares acquired (code A) when performance share units vested at target, and he disposed of 1,356,544 MPX shares (code J) at $8.18 per share, generating proceeds reported as $11,096,530. The disposition was made pursuant to the Merger Agreement with MasterCraft Boat Holdings.

Key Details

• Transaction date: 2026-05-15; Form 4 filed 2026-05-19 (timely under Form 4 rules).
• Acquisition (A): 40,245 shares — result of performance share units vesting at target immediately prior to merger effectiveness.
• Disposition (J): 1,356,544 shares sold at $8.18 each for total reported value $11,096,530.
• Merger consideration: per the Merger Agreement, each MPX share was exchanged for the right to receive 0.232 shares of MasterCraft common stock plus $2.43 in cash (less withholding).
• Shares owned after transaction: not specified in the filing.
• Footnotes: Transactions were merger-related (vesting of restricted stock and PSUs, then exchange under the merger). This is not an open-market sale.

Context
These actions reflect automatic vesting and conversion tied to the merger, not an independent open-market sale by the insider — so they are procedural outcomes of the Merger Agreement (PSUs vested, restricted stock vested, then exchanged for MasterCraft stock and cash). For retail investors, merger-driven dispositions are routine and do not, by themselves, indicate insider sentiment about the combined company.