Merger converts Marine Products (MPX) insider’s 126,542 shares into cash and MasterCraft stock

Rhea-AI Filing Summary

MARINE PRODUCTS GROUP, LLC insider Pam R. Rollins reported an "other" restructuring transaction involving 126,542 shares of Marine Products common stock. These shares were converted in connection with a merger, leaving her with zero Marine Products shares directly held after the event.

Under the merger agreement with MasterCraft Boat Holdings, Inc., each Marine Products share was converted into the right to receive $2.43 in cash, without interest, plus 0.232 shares of MasterCraft common stock. The market price of MasterCraft common stock was $24.64 per share at the close of business on May 14, 2026.

Insights

Corporate actions analyst

Filing shows routine share conversion into cash and stock via merger.

The transaction reflects a corporate restructuring rather than a discretionary trade by Pam R. Rollins. Her 126,542 Marine Products shares were converted under a merger agreement into a mix of cash and MasterCraft common stock, a standardized treatment for all participating shareholders.

Because the code is J ("other" transaction) with no open-market buying or selling, it carries limited signaling value about her view of the business. The filing mainly documents that her direct Marine Products holdings went to zero following the merger and were replaced by the specified consideration.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rollins Pam R

Role null

Type	Security	Shares	Price	Value
Other	Common Stock, $.10 Par Value	126,542	$0.00	--

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

Footnotes (1)

1. [object Object]

Key Figures

Shares converted: 126,542 shares Cash per MPX share: $2.43 per share Stock per MPX share: 0.232 shares +2 more

5 metrics

Shares converted 126,542 shares Marine Products common stock in J-code restructuring

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

Stock per MPX 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

Post-transaction MPX holding 0 shares Marine Products shares directly held by Pam R. Rollins after merger

Key Terms

Agreement and Plan of Merger, First Effective Time, par value, common stock

4 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

"each share of Marine Products' common stock, par value $0.10 per share, was converted"

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.

common stock financial

"0.232 shares of MasterCraft common stock, par value $0.01 per share"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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^*

Rollins Pam R

(Last) (First) (Middle)

2801 BUFORD HIGHWAY, NE,

SUITE 300

(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)		126,542	D	(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/ Callum Macgregor as attorney-in-fact for Pam R. Rollins	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)

FAQ

What did Pam R. Rollins report in this MPX Form 4 filing?

She reported an "other" restructuring transaction for 126,542 Marine Products common shares. These shares were converted in a merger into a combination of cash and MasterCraft common stock, reducing her directly held Marine Products shares to zero after the transaction.

How many Marine Products (MPX) shares were affected in Pam R. Rollins' transaction?

The filing shows 126,542 shares of Marine Products common stock were involved. After this merger-related conversion, her reported total shares of Marine Products common stock directly held became zero, reflecting the impact of the completed merger consideration on her position.

What merger consideration did Marine Products (MPX) shareholders receive per share?

Each Marine Products common share was converted into the right to receive $2.43 in cash, without interest, plus 0.232 shares of MasterCraft common stock. This combined package describes the standard per-share merger consideration set by the Agreement and Plan of Merger.

What was the MasterCraft share price cited in the MPX Form 4 footnote?

The market price of MasterCraft common stock was stated as $24.64 per share at the close of business on May 14, 2026. This reference gives context for valuing the stock portion of the Marine Products merger consideration on that date.

Does Pam R. Rollins' Form 4 indicate open-market buying or selling of MPX shares?

No, the transaction code is J, described as "Other acquisition or disposition." The filing classifies this as an "other" restructuring event, documenting merger-related conversion of shares rather than discretionary open-market purchases or sales by the reporting person.