Palmer Ben M 4

What Happened
Ben M. Palmer, former President & CEO and a director of Marine Products Group, reported two merger-related transactions on May 15, 2026. He disposed of 678,399 shares at $8.18 per share for total proceeds of $5,549,304 (transaction code J). He also acquired 75,303 shares (transaction code A) when outstanding performance share units vested at target immediately prior to the merger.

Key Details

• Transaction date: 2026-05-15; filing date: 2026-05-19 (filed within the SEC two-business-day window).
• Sale/Disposition: 678,399 shares @ $8.18 = $5,549,304 (code J).
• Award/Acquisition: 75,303 shares (performance share units vested at target) (code A).
• Ownership after transaction: not specified in the Form 4 provided.
• Footnotes: The acquisitions and dispositions occurred pursuant to the Agreement and Plan of Merger dated Feb 5, 2026. Upon merger effectiveness each outstanding restricted share vested and, in exchange for each MPX share, the holder received the right to 0.232 shares of MasterCraft Boat Holdings common stock plus $2.43 in cash (less applicable withholding taxes).
• Not an open-market trade — proceeds arose from merger consideration rather than a voluntary sale on the market.

Context
These transactions were corporate, merger-driven events (vested performance awards and merger exchange), not routine open-market purchases or discretionary sales by the insider. Such merger consideration exchanges and vesting events reflect deal mechanics rather than a direct signal of the insider’s market view.