Rollins Holding (NYSE: MPX) converts Marine Products shares in merger deal

Rhea-AI Filing Summary

ROLLINS HOLDING COMPANY, INC., a more than 10% owner of Marine Products Corporation, reported an "other" transaction involving 343,479 shares of common stock. These Marine Products shares were converted in a merger into the right to receive $2.43 in cash plus 0.232 shares of MasterCraft common stock per share. Following the merger conversion, Rollins Holding shows no remaining directly held Marine Products shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ROLLINS HOLDING COMPANY, INC.

Role null

Type	Security	Shares	Price	Value
Other	Common Stock, $.10 Par Value	343,479	$0.00	--

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

Footnotes (1)

1. [object Object]

Key Figures

Shares restructured: 343,479 shares Cash per Marine share: $2.43 Stock per Marine share: 0.232 shares +2 more

5 metrics

Shares restructured 343,479 shares Marine Products common stock converted in merger

Cash per Marine share $2.43 Cash portion of merger consideration per share

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

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

Post-transaction Marine shares 0 shares Rollins Holding direct Marine Products holdings after merger

Key Terms

Agreement and Plan of Merger, First Effective Time, par value, transaction code J, +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"

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.

transaction code J regulatory

"transaction_code": "J" ... "transaction_code_description": "Other acquisition or disposition""

other acquisition or disposition regulatory

""transaction_code_description": "Other acquisition or disposition""

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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 HOLDING COMPANY, INC.

(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)		343,479	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/ Rollins Holding Company, Inc., By: R. Todd Rice, Treasurer	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 insider transaction did Rollins Holding report for Marine Products (MPX)?

Rollins Holding Company, Inc. reported an "other" transaction under code J involving 343,479 Marine Products common shares. The shares were converted in a merger into a mix of cash and MasterCraft common stock, leaving no directly held Marine Products shares afterward.

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

The filing shows 343,479 shares of Marine Products common stock were subject to the transaction. These shares were converted pursuant to a merger agreement into the right to receive cash and MasterCraft common stock, and the reporting owner no longer directly holds Marine Products shares.

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

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 consideration was defined in the merger agreement referenced in the Form 4 footnote.

How is MasterCraft’s share price referenced in the Marine Products (MPX) Form 4?

The footnote notes that MasterCraft common stock closed at $24.64 per share on May 14, 2026. This market price provides context for valuing the stock portion of the merger consideration given for each Marine Products share.

What does transaction code J mean in this Marine Products (MPX) Form 4?

Transaction code J indicates an "other acquisition or disposition" rather than a standard open-market trade. Here, it reflects the automatic conversion of Marine Products shares into cash and MasterCraft stock as part of the merger structure.

Does Rollins Holding still own Marine Products (MPX) shares after the merger?

The Form 4 shows total shares following the transaction as 0. This indicates Rollins Holding Company, Inc. no longer directly holds Marine Products common stock after its shares were converted into the merger consideration.