Marine Products (MPX) CFO discloses 1,045-share sale at $9.25
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marine Products Corp. executive Michael Schmit, the company’s CFO and Corporate Secretary, reported a disposition of common stock. On 01/26/2026, he disposed of 1,045 shares of Marine Products common stock at a price of $9.25 per share. After this transaction, he beneficially owned 55,957 shares of common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schmit Michael
Role
CFO and Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock $.10 Par Value | 1,045 | $9.25 | $10K |
Holdings After Transaction:
Common Stock $.10 Par Value — 55,957 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did MPX report for CFO Michael Schmit?
Marine Products Corp. reported that CFO and Corporate Secretary Michael Schmit disposed of 1,045 shares of common stock on 01/26/2026. The transaction was coded “F” and priced at $9.25 per share, according to the Form 4 filing.
What does transaction code F mean in the Marine Products Form 4?
The Form 4 lists transaction code “F” for the 1,045-share disposition by the Marine Products CFO. The filing itself does not provide a narrative explanation of the code, but it clearly categorizes the transaction using this standard code designation.
Is the Marine Products CFO’s ownership direct or indirect after the trade?
The filing shows that CFO Michael Schmit’s 55,957 Marine Products shares are held with ownership form marked as “D,” meaning direct ownership. No indirect ownership nature or related entity is listed in the ownership or footnote sections.