1.07M Marine Products (MPX) shares converted into cash and MasterCraft stock

Rhea-AI Filing Summary

RCTLOR, LLC, a 10% owner of Marine Products Corporation, reported an "other" restructuring transaction involving 1,065,476 shares of common stock. The shares were converted in connection with a merger and RCTLOR, LLC now holds no Marine Products shares.

Under the Merger Agreement with MasterCraft Boat Holdings, Inc., each Marine Products share was converted into the right to receive $2.43 in cash plus 0.232 shares of MasterCraft common stock, without interest. The filing notes MasterCraft’s stock closed at $24.64 per share on May 14, 2026, illustrating the value of the stock component of the consideration.

Insights

M&A and insider-transactions analyst

Filing records merger-driven share conversion, not an open-market trade.

This Form 4 shows RCTLOR, LLC converting its 1,065,476 Marine Products shares as part of a completed merger with MasterCraft Boat Holdings. The transaction is coded "J" (other acquisition or disposition), indicating a structural change rather than discretionary buying or selling.

Each Marine Products share became the right to receive $2.43 in cash plus 0.232 MasterCraft shares, with MasterCraft stock at $24.64 on May 14, 2026. After this conversion, RCTLOR, LLC holds zero Marine Products shares, so its economic exposure shifts to cash and MasterCraft stock tied to the merger terms.

Insider Trade Summary

Net Buyer: 1,065,476 shares

Net Buy 1 txn

Insider RCTLOR, LLC

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Common Stock, $.10 Par Value	1,065,476	$0.00	$0.00

Holdings After Transaction: Common Stock, $.10 Par Value — 0 shares (Direct)

Footnotes (1)

1. F1. Pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026 (the "Merger Agreement"), by and among MasterCraft Boat Holdings, Inc. ("MasterCraft"), Marine Products Corporation ("Marine Products"), Titan Merger Sub 1, Inc., a direct wholly owned subsidiary of MasterCraft, and Titan Merger Sub 2, LLC, a direct wholly owned subsidiary of MasterCraft, at the First Effective Time (as defined in the Merger Agreement), each share of Marine Products' common stock, par value $0.10 per share, was converted into the right to receive $2.43 in cash, without interest, and 0.232 shares of MasterCraft common stock, par value $0.01 per share. The market price of MasterCraft common stock was $24.64 per share at the close of business May 14, 2026.

Key Figures

Shares converted: 1,065,476 shares Cash per Marine Products share: $2.43 Stock per Marine Products share: 0.232 shares +3 more

6 metrics

Shares converted 1,065,476 shares Marine Products common stock converted in merger restructuring

Cash per Marine Products share $2.43 Cash component of merger consideration per share

Stock per Marine Products share 0.232 shares MasterCraft common stock received per Marine Products share

MasterCraft market price $24.64 per share Closing price on May 14, 2026 for stock component

Marine Products holdings after transaction 0 shares Total Marine Products shares held by RCTLOR, LLC post-merger

Par value of Marine Products stock $0.10 par value Par value of Marine Products common stock class involved

Key Terms

Agreement and Plan of Merger, First Effective Time, par value, other acquisition or disposition, +1 more

5 terms

Agreement and Plan of Merger regulatory

"Pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

First Effective Time regulatory

"at the First Effective Time (as defined in the Merger Agreement), each share of Marine Products' common stock"

par value financial

"Marine Products' common stock, par value $0.10 per share, was converted into the right to receive"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

other acquisition or disposition financial

"transaction code description: Other acquisition or disposition"

Merger Agreement regulatory

"as defined in the Merger Agreement), each share of Marine Products' common stock"

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

FAQ

What insider transaction did RCTLOR, LLC report for Marine Products (MPX)?

RCTLOR, LLC reported an "other" restructuring transaction involving 1,065,476 Marine Products common shares. The position in Marine Products went to zero as those shares were converted into cash and MasterCraft stock as part of a merger, rather than through open-market trading.

How many Marine Products (MPX) shares were affected in this Form 4?

The Form 4 shows 1,065,476 shares of Marine Products common stock affected. These shares were converted under a merger agreement, and the reporting owner’s holdings in Marine Products became zero following the transaction, reflecting a complete exit from this particular security.

What consideration did Marine Products (MPX) shareholders receive in the MasterCraft merger?

Each Marine Products share was converted into the right to receive $2.43 in cash plus 0.232 shares of MasterCraft common stock. This combination of cash and stock formed the total consideration paid to Marine Products shareholders at the merger’s first effective time.

Was this Marine Products (MPX) insider transaction a buy or sell of shares?

The transaction is coded as "J" for other acquisition or disposition, not a standard buy or sell. It reflects a merger-driven conversion of 1,065,476 shares into cash and MasterCraft stock, rather than a discretionary open-market purchase or sale by the reporting entity.

What MasterCraft share price is referenced in the Marine Products (MPX) filing?

The filing states MasterCraft common stock closed at $24.64 per share on May 14, 2026. This market price helps illustrate the value of the 0.232 MasterCraft share component received for each Marine Products share in the merger consideration.

What is the par value of the Marine Products (MPX) common stock in this Form 4?

The Marine Products common stock involved in the transaction has a par value of $0.10 per share. Par value is a nominal legal value for the shares and does not represent the market price or the actual merger consideration received by shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/19/2026 - 05:26 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

X

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^*

RCTLOR, LLC

(Last) (First) (Middle)

C/O RFA MANAGEMENT COMPANY, LLC

1908 CLIFF VALLEY WAY NE

(Street)

ATLANTA GEORGIA 30329

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MARINE PRODUCTS GROUP, LLC [ MPX ]

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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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

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

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

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	05/15/2026		J(1)		1,065,476	A	(1)	0	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. Pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026 (the "Merger Agreement"), by and among MasterCraft Boat Holdings, Inc. ("MasterCraft"), Marine Products Corporation ("Marine Products"), Titan Merger Sub 1, Inc., a direct wholly owned subsidiary of MasterCraft, and Titan Merger Sub 2, LLC, a direct wholly owned subsidiary of MasterCraft, at the First Effective Time (as defined in the Merger Agreement), each share of Marine Products' common stock, par value $0.10 per share, was converted into the right to receive $2.43 in cash, without interest, and 0.232 shares of MasterCraft common stock, par value $0.01 per share. The market price of MasterCraft common stock was $24.64 per share at the close of business May 14, 2026.

	/s/ RCTLOR, LLC, By: LOR, Inc., Manager, By: W. Keith Wilkes, Jr., Assistant Vice President	05/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)