Marine Products (NYSE: MPX) grants CEO 85,300 restricted shares

Rhea-AI Filing Summary

Marine Products Corp. President and CEO Ben M. Palmer reported an award of 85,300 shares of common stock on January 27, 2026. These shares are restricted stock that will vest in three equal annual installments starting in 2027. After this grant, Palmer directly holds 612,054 common shares.

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

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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^*

Palmer Ben M

(Last) (First) (Middle)

2801 BUFORD HIGHWAY NE

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)

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

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		85,300	A	(1)	612,054	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 85,300 shares of restricted stock that vest annually in 33 1/3 percent increments beginning in 2027.

	/s/ Ben M. Palmer	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.
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FAQ

What insider transaction did MPX report for Ben M. Palmer?

Marine Products Corp. reported that President and CEO Ben M. Palmer received an award of 85,300 shares of common stock. The filing shows this as an acquisition at no stated price, increasing his directly held stake to 612,054 shares after the transaction.

Are the 85,300 MPX shares granted to the CEO immediately vested?

No, the 85,300 shares are restricted stock that vest over time. They vest annually in 33 1/3 percent increments, beginning in 2027, meaning the award becomes fully vested in three stages rather than all at once on the grant date.

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

Following the reported restricted stock award, Ben M. Palmer beneficially owns 612,054 shares of Marine Products common stock directly. This total reflects the additional 85,300 restricted shares reported in the Form 4 and represents his direct ownership position after the transaction.

What was the transaction code used in the MPX Form 4 filing?

The transaction is coded "A" in the Form 4, indicating an acquisition of securities. The filing shows 85,300 shares of common stock acquired at a price of $0.0000 per share, consistent with a stock grant rather than an open‑market purchase.

Who is the insider involved in this Marine Products (MPX) Form 4?

The insider is Ben M. Palmer, who serves as both President and CEO and a director of Marine Products Corp. The Form 4 indicates that this filing is by a single reporting person and reflects his direct beneficial ownership of the reported shares.