Form 4: Marcus Corp CEO Gregory Marcus Reports Stock Transactions
SEC Form 4
Gregory Marcus, CEO of Marcus Corporation, reports the withholding of shares to cover tax obligations and various holdings including stock options and trust accounts.
Summary
- Gregory S. Marcus, the President and CEO of Marcus Corporation, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, shares of common stock were withheld to cover tax obligations resulting from the vesting of restricted stock.
- The reporting person directly owns 511,529 shares of common stock.
- He also indirectly owns 75 shares as custodian and 7,384 shares through a 401(k) plan.
- Marcus holds various stock options with exercise prices ranging from $12.71 to $41.9 and expiration dates extending to 2033.
- He also owns 192,737 shares of Class B Common Stock directly and additional shares indirectly through trusts and custodial accounts.
- These Class B shares are convertible to common stock on a 1-for-1 basis at no cost and are immediately exercisable with no expiration date.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard transactions related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's ongoing investment in the company through stock options and direct share ownership.
Comparison to Industry Standards
- Comparing Gregory Marcus's stock option grants to those of CEOs at similar-sized entertainment and hospitality companies reveals that his option grants are within the typical range for executive compensation.
- For example, the CEO of a regional cinema chain might have similar option grants tied to performance metrics and vesting schedules.
- Similarly, CEOs in the hotel industry often receive stock options as part of their overall compensation package, aligning their interests with those of shareholders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stake in the company.
- Employees participating in the 401(k) plan are indirectly affected by the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 07/29/2014 | Date of grant for stock options with an exercise price of $18.34 and an expiration date of 07/29/2024 |
| 07/28/2015 | Date of grant for stock options with an exercise price of $20.26 and an expiration date of 07/28/2025 |
| 03/01/2016 | Date of grant for stock options with an exercise price of $18.68 and an expiration date of 03/01/2026 |
| 02/28/2017 | Date of grant for stock options with an exercise price of $31.2 and an expiration date of 02/28/2027 |
| 02/27/2018 | Date of grant for stock options with an exercise price of $27 and an expiration date of 02/27/2028 |
| 02/26/2019 | Date of grant for stock options with an exercise price of $41.9 and an expiration date of 02/26/2029 |
| 02/25/2020 | Date of grant for stock options with an exercise price of $28.88 and an expiration date of 02/25/2030 |
| 05/08/2020 | Date of grant for stock options with an exercise price of $12.71 and an expiration date of 05/08/2030 |
| 03/09/2021 | Date of grant for stock options with an exercise price of $21.84 and an expiration date of 03/09/2031 |
| 03/08/2022 | Date of grant for stock options with an exercise price of $17.04 and an expiration date of 03/08/2032 |
| 03/07/2023 | Date of grant for stock options with an exercise price of $15.99 and an expiration date of 03/07/2033 |
| 03/01/2025 | Date of transaction: Shares withheld to pay tax amounts owed. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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