Marine Products (NYSE: MPX) grants CFO 24,900 restricted shares

Rhea-AI Filing Summary

Marine Products Corp’s CFO and Corporate Secretary, Michael Schmit, reported an equity award of 24,900 shares of common stock on January 27, 2026. The shares were acquired at a price of $0.00 per share, indicating a stock-based compensation grant rather than an open‑market purchase.

The 24,900 shares are restricted stock that will vest in three equal annual installments of 33 1/3% beginning in 2027. Following this grant, Schmit beneficially owns 80,857 shares of Marine Products common stock directly.

Insider Trade Summary

Net Buyer: 24,900 shares

Net Buy 1 txn

Insider Schmit Michael

Role CFO and Corporate Secretary

Type	Security	Shares	Price	Value
Grant/Award	Common Stock $.10 Par Value	24,900	$0.00	$0.00

Holdings After Transaction: Common Stock $.10 Par Value — 80,857 shares (Direct)

Footnotes (1)

1. F1. Represents 24,900 shares of restricted stock that vest annually in 33 1/3 percent increments beginning in 2027.

FAQ

What insider transaction did MPX disclose for CFO Michael Schmit?

Marine Products Corp reported that CFO and Corporate Secretary Michael Schmit received 24,900 shares of common stock as an equity grant. The transaction occurred on January 27, 2026 and was reported as an acquisition at a price of $0.00 per share for compensation.

How many MPX shares did the CFO acquire in the latest Form 4 filing?

The CFO acquired 24,900 shares of Marine Products common stock. These shares are designated as restricted stock and were granted at no cash cost. They form part of his equity-based compensation and increase his directly held beneficial ownership in the company.

What is the vesting schedule for the 24,900 restricted MPX shares?

The 24,900 restricted shares vest in three equal annual installments. They vest in 33 1/3 percent increments each year, beginning in 2027. This structure ties full ownership of the award to continued service over multiple years at Marine Products Corp.

How many Marine Products (MPX) shares does the CFO own after this grant?

After the reported grant, CFO Michael Schmit beneficially owns 80,857 shares of Marine Products common stock. The filing characterizes this ownership as direct, meaning the shares are held in his name rather than through an intermediary entity or trust.

Was the MPX CFO’s January 2026 share acquisition a market purchase?

No, the filing shows the CFO’s acquisition as a stock-based award, not a market purchase. The 24,900 shares of common stock were recorded at a transaction price of $0.00 per share and identified as restricted stock subject to a multi‑year vesting schedule.

What role does the reporting person hold at Marine Products Corp (MPX)?

The reporting person, Michael Schmit, serves as Marine Products Corp’s CFO and Corporate Secretary. His position is specifically disclosed in the Form 4, which records changes in his beneficial ownership of the company’s common stock through this restricted stock grant.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/29/2026 - 06:26 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schmit Michael

(Last) (First) (Middle)

2801 BUFORD HIGHWAY

SUITE 300

(Street)

ATLANTA GA 30329

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MARINE PRODUCTS CORP [ MPX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and Corporate Secretary

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock $.10 Par Value	01/27/2026		A		24,900	A	(1)	80,857	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents 24,900 shares of restricted stock that vest annually in 33 1/3 percent increments beginning in 2027.

	/s/ Michael Schmit	01/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.