Palmer Ben M 4

What Happened Ben M. Palmer, President, CEO and a director of Marine Products Corp (MPX), disposed of 8,643 shares on January 23, 2026 to satisfy tax withholding obligations tied to equity. The shares were valued at $9.63 each, for a total of about $83,232. This transaction is a tax-withholding event (code F), not an open-market sale signaling a change in investment stance.

Key Details

• Transaction date: 2026-01-23
• Action/code: Payment of exercise price or tax liability (F) — shares withheld/disposed to cover taxes
• Shares involved: 8,643
• Price per share: $9.63
• Approximate value: $83,232
• Shares owned after transaction: Not specified in the provided excerpt of the filing
• Filing date: 2026-01-27 — reported within the standard Form 4 reporting window (timely)
• Footnote: Code F indicates shares were used to satisfy tax obligations related to equity compensation

Context Withholdings to cover tax liabilities are common after option exercises or vesting events; they represent a transfer of company stock to meet tax obligations rather than a discretionary cash sale. Such transactions are typically routine and do not by themselves indicate insider sentiment about the company's prospects.