Form 4: Marcus Corp CEO Granted 92,640 Restricted Shares
Insider Transaction Report
Gregory S. Marcus, President and CEO of The Marcus Corporation, reported the acquisition of 92,640 restricted common shares as part of an equity grant.
Summary
- Gregory S. Marcus, President and CEO of The Marcus Corporation (MCS), was granted 92,640 shares of common stock.
- These shares are restricted stock, granted on February 11, 2026, with a vesting schedule of 50% after the second anniversary and 100% after the third anniversary of the grant date.
- Following this transaction, Marcus directly beneficially owns 576,565 shares of common stock.
- Indirect beneficial ownership includes 75 shares held as custodian and 7,384 shares through a 401(k) plan.
- Marcus also holds various stock options with exercise prices ranging from $12.71 to $41.90 and Class B Common Stock convertible into common stock.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive development, as it signifies continued executive commitment and aligns leadership incentives with long-term shareholder value, a standard and healthy corporate governance practice.
Positives
- The grant of 92,640 restricted shares aligns the CEO's interests with long-term shareholder value.
- Equity compensation is a common practice to incentivize executive performance and retention.
Future Outlook
The restricted stock granted on February 11, 2026, is subject to a vesting schedule, with 50% vesting after two years and the remaining 50% after three years from the grant date, indicating a future commitment and incentive structure for the CEO.
Industry Context
StockSavvy.ai notes that equity grants to executive leadership, such as restricted stock, are a standard practice across industries, particularly in the hospitality and entertainment sectors where The Marcus Corporation operates. This mechanism is widely used to align executive compensation with long-term company performance and shareholder interests, fostering stability and strategic focus.
Comparison to Industry Standards
- Equity grants of restricted stock to CEOs are a common compensation tool. While the specific number of shares (92,640) and vesting schedule (50% after 2 years, 100% after 3 years) are company-specific, they generally fall within typical industry practices for executive retention and incentive.
- For example, similar grants are observed at comparable companies in the leisure and entertainment sector, such as AMC Entertainment Holdings or Cinemark Holdings, where executive compensation packages frequently include substantial equity components tied to multi-year performance or service vesting.
Related Party Transactions
- Indirect beneficial ownership includes shares held as custodian for Alexandra Marcus U/WI/UTMA, Michael Marcus U/WI/UTMA, and Samantha Marcus U/WI/UTMA, and as trustee for Gabriella Marcus Trust, Daniella Marcus Trust, and Jessica Marcus Trust, as well as shares held by spouse.
Stakeholder Impact
- Shareholders: The grant aligns the CEO's interests with long-term shareholder value, potentially fostering sustained performance.
- Employees: No direct impact on general employees is indicated by this executive compensation filing.
Next Steps
- The restricted stock granted on February 11, 2026, will vest 50% after its second anniversary (February 11, 2028).
- The remaining 50% of the restricted stock will vest after its third anniversary (February 11, 2029).
Key Dates
| Date | Description |
|---|---|
| 2017-02-28 | Grant date for stock options with an exercise price of $31.20 and a vesting schedule of 40% after 2nd, 60% after 3rd, 80% after 4th, and 100% after 5 years. |
| 2018-02-27 | Grant date for stock options with an exercise price of $27.00 and a vesting schedule of 50% after 2nd, 75% after 3rd, and 100% after 4 years. |
| 2019-02-26 | Grant date for stock options with an exercise price of $41.90 and a vesting schedule of 50% after 2nd, 75% after 3rd, and 100% after 4 years. |
| 2020-02-25 | Grant date for stock options with an exercise price of $28.88 and a vesting schedule of 50% after 2nd, 75% after 3rd, and 100% after 4 years. |
| 2020-05-08 | Grant date for stock options with an exercise price of $12.71 and a vesting schedule of 50% after 2nd, 75% after 3rd, and 100% after 4 years. |
| 2021-03-09 | Grant date for stock options with an exercise price of $21.84 and a vesting schedule of 50% after 2nd, 75% after 3rd, and 100% after 4 years. |
| 2022-03-08 | Grant date for stock options with an exercise price of $17.04 and a vesting schedule of 50% after 2nd, 75% after 3rd, and 100% after 4 years. |
| 2023-03-07 | Grant date for stock options with an exercise price of $15.99 and a vesting schedule of 50% after 2nd, 75% after 3rd, and 100% after 4 years. |
| 2026-02-11 | Date of restricted stock grant of 92,640 shares. |
| 2026-02-13 | Date the Form 4 was signed by Steven R. Barth, Attorney-in-Fact for Gregory S. Marcus. |
| 2027-02-11 | First vesting anniversary (50%) for restricted stock granted on 02/11/2026. |
| 2027-02-28 | Expiration date for stock options granted on 02/28/2017. |
| 2028-02-11 | Second vesting anniversary (remaining 50%) for restricted stock granted on 02/11/2026. |
| 2028-02-27 | Expiration date for stock options granted on 02/27/2018. |
| 2029-02-26 | Expiration date for stock options granted on 02/26/2019. |
| 2030-02-25 | Expiration date for stock options granted on 02/25/2020. |
| 2030-05-08 | Expiration date for stock options granted on 05/08/2020. |
| 2031-03-09 | Expiration date for stock options granted on 03/09/2021. |
| 2032-03-08 | Expiration date for stock options granted on 03/08/2022. |
| 2033-03-07 | Expiration date for stock options granted on 03/07/2023. |
Recommendation
holdThis Form 4 filing reports a routine equity grant to the CEO, which is a standard compensation practice and indicates continued alignment of management's interests with the company's long-term performance. It does not present new information that would significantly alter the fundamental investment thesis for The Marcus Corporation, thus a 'hold' recommendation is appropriate for existing investors.
Keywords
Marcus Corporation, MCS, Gregory S. Marcus, Form 4, Restricted Stock, Equity Grant, Insider Transaction, CEO Compensation, Stock Options, Beneficial Ownership
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