Marine Products (MPX) CFO Schmit disposes of 2,619 shares at $9.44
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marine Products Corp (MPX) insider Michael Schmit, the company’s CFO and Corporate Secretary, reported a disposition of common stock. On 01/28/2026, he disposed of 2,619 shares of Marine Products common stock at a price of $9.44 per share.
Following this transaction, Schmit directly beneficially owned 78,238 shares of Marine Products common stock. The filing lists this as a non-derivative transaction reported on a Form 4 filed by a single reporting person.
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 | 2,619 | $9.44 | $25K |
Holdings After Transaction:
Common Stock $.10 Par Value — 78,238 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did MPX CFO Michael Schmit report on this Form 4?
Michael Schmit reported disposing of 2,619 shares of Marine Products common stock. The transaction occurred on 01/28/2026 and involved non-derivative common stock with a par value of $0.10, as shown in Table I of the filing.
What is Michael Schmit’s role at Marine Products Corp (MPX) according to this filing?
Michael Schmit is identified as an officer of Marine Products Corp, serving as CFO and Corporate Secretary. The relationship section of the Form 4 confirms his officer status and titles, with no indication of director or 10% owner status.
What type of security was involved in the MPX insider transaction reported by Michael Schmit?
The transaction involved Marine Products Corp common stock with a par value of $0.10 per share. It is classified as a non-derivative security in Table I, meaning it is ordinary common stock rather than options or other derivative instruments.
Was the Marine Products (MPX) insider transaction reported as directly or indirectly owned shares?
The Form 4 shows the 78,238 Marine Products shares as directly owned by Michael Schmit. The ownership form column in Table I lists the post-transaction beneficial ownership as “D” for direct, with no nature of indirect beneficial ownership indicated.