Form 4: Marcus Corp CEO Exchanges Common Stock for Class B Shares
Insider Transaction Report
Gregory S. Marcus, President and CEO of The Marcus Corporation, reported an internal exchange of common stock for Class B common stock.
Summary
- Gregory S. Marcus, President and CEO, and a Director of The Marcus Corporation (MCS), filed a Form 4 detailing changes in his beneficial ownership.
- On March 2, 2026, Mr. Marcus disposed of 33,915 shares of Common Stock.
- Concurrently, he acquired 33,915 shares of Class B Common Stock through an exchange with Diane Marcus Gershowitz.
- The transaction involved no monetary cost, indicating an internal re-allocation of share classes.
- Following the transaction, Mr. Marcus directly owns 515,119 shares of Common Stock and indirectly owns 75 shares as custodian and 7,384 shares through a 401(k) plan.
- He directly owns 254,256 shares of Class B Common Stock and indirectly owns 13,431 shares as trustee, 10,786 shares as custodian, and 18,233 shares by spouse.
- The filing also details various stock options held by Mr. Marcus, with exercise prices ranging from $12.71 to $41.90 and vesting schedules over 2 to 5 years.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It is a standard insider transaction report detailing an internal exchange of share classes, which typically has no direct impact on the company's operational or financial performance.
Future Outlook
This filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures for insiders of publicly traded companies, detailing changes in their beneficial ownership. This specific filing indicates an internal re-allocation of share classes by the CEO, which is a common practice for estate planning or corporate governance adjustments, rather than a market-driven transaction.
Related Party Transactions
- The filing reports an exchange of Common Stock to Diane Marcus Gershowitz for Class B Common Stock, indicating a transaction between related parties.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is an internal re-allocation of share classes by an insider, not a market sale or purchase affecting outstanding shares or market liquidity.
- Management: Reflects a change in the composition of the CEO's equity holdings, potentially for personal financial planning or governance reasons related to different share class rights.
Key Dates
| Date | Description |
|---|---|
| 02/28/2017 | Grant date for stock options with an exercise price of $31.20, vesting 40% after 2nd anniversary, 60% after 3rd, 80% after 4th, and 100% after 5 years. |
| 02/27/2018 | Grant date for stock options with an exercise price of $27.00, vesting 50% after 2nd anniversary, 75% after 3rd, and 100% after 4 years. |
| 02/26/2019 | Grant date for stock options with an exercise price of $41.90, vesting 50% after 2nd anniversary, 75% after 3rd, and 100% after 4 years. |
| 02/25/2020 | Grant date for stock options with an exercise price of $28.88, vesting 50% after 2nd anniversary, 75% after 3rd, and 100% after 4 years. |
| 05/08/2020 | Grant date for stock options with an exercise price of $12.71, vesting 50% after 2nd anniversary, 75% after 3rd, and 100% after 4 years. |
| 03/09/2021 | Grant date for stock options with an exercise price of $21.84, vesting 50% after 2nd anniversary, 75% after 3rd, and 100% after 4 years. |
| 03/08/2022 | Grant date for stock options with an exercise price of $17.04, vesting 50% after 2nd anniversary, 75% after 3rd, and 100% after 4 years. |
| 03/07/2023 | Grant date for stock options with an exercise price of $15.99, vesting 50% after 2nd anniversary, 75% after 3rd, and 100% after 4 years. |
| 03/02/2026 | Date of transaction for the exchange of Common Stock for Class B Common Stock. |
| 02/28/2027 | Expiration date for stock options granted on 2/28/2017. |
| 02/27/2028 | Expiration date for stock options granted on 2/27/2018. |
| 02/26/2029 | Expiration date for stock options granted on 2/26/2019. |
| 02/25/2030 | Expiration date for stock options granted on 2/25/2020. |
| 05/08/2030 | Expiration date for stock options granted on 5/8/2020. |
| 03/09/2031 | Expiration date for stock options granted on 3/9/2021. |
| 03/08/2032 | Expiration date for stock options granted on 3/8/2022. |
| 03/07/2033 | Expiration date for stock options granted on 3/7/2023. |
Keywords
Marcus Corporation, MCS, Gregory S. Marcus, Insider Transaction, Form 4, Beneficial Ownership, Common Stock, Class B Common Stock, Stock Options
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