Marine Products (NYSE: MPX) CFO Schmit disposes 3,112 common shares at $9.63
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marine Products Corp CFO and Corporate Secretary Michael Schmit reported a disposition of common stock on January 23, 2026. He disposed of 3,112 shares of Marine Products Corp common stock at a price of $9.63 per share, and held 57,002 shares directly after the transaction.
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 | 3,112 | $9.63 | $30K |
Holdings After Transaction:
Common Stock, $.10 Par Value — 57,002 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did MPX executive Michael Schmit report?
Michael Schmit reported disposing of 3,112 shares of Marine Products Corp common stock. The transaction occurred on January 23, 2026, at a reported price of $9.63 per share, as shown in Table I of the insider filing.
What is Michael Schmit’s role at Marine Products Corp (MPX)?
Michael Schmit is an officer of Marine Products Corp, serving as CFO and Corporate Secretary. This role is explicitly indicated in the filing’s relationship section, where he is identified as an officer rather than a director or 10% owner.
Is Michael Schmit’s MPX ownership direct or indirect after this transaction?
After the transaction, Michael Schmit’s 57,002 Marine Products Corp shares are reported as directly owned. The ownership form column lists the designation "D" for direct ownership, and no nature of indirect beneficial ownership is provided.