Schmit Michael sold MPX
May 15, 2026 · Form 4 insider transaction
Schmit Michael sold 100,577 shares of Marine Products Corp at $8.18 per share, a transaction worth $822.7K. The trade was recorded as j and disclosed on an SEC Form 4.
Footnotes
The reported securities were disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 5, 2026, by and among MasterCraft Boat Holdings, Inc., a Delaware corporation ("MasterCraft"). Immediately prior to effectiveness of the merger, each outstanding share of restricted stock vested in full. Upon effectiveness of the merger, in exchange for each share of Common Stock, the reporting person received the right to receive 0.232 shares of MasterCraft Common Stock, par value $0.01 per share and $2.43 in cash, without interest and less applicable withholding taxes.