Form 4: Marcus Corp Director Brian Jay Stark Acquires Restricted Stock

Sentiment:

SEC Form 4 Filing 30 December 2024 6:44 PM

Director Brian Jay Stark of Marcus Corp acquired 2,956 shares of restricted stock on December 26, 2024, as part of an incentive plan.

Summary

Brian Jay Stark, a director at Marcus Corp, acquired 2,956 shares of restricted common stock on December 26, 2024.
The restricted stock was granted at a price of $0.
The stock vests in two stages: 50% after two years and 100% after four years from the grant date.
Mr. Stark also holds multiple stock options with various exercise prices and expiration dates.

Sentiment

Score: 7

Explanation: The document reflects a standard equity grant to a director, which is generally positive for aligning interests. There are no negative implications.

Positives

The grant of restricted stock aligns the director's interests with the long-term performance of the company.
The vesting schedule encourages long-term commitment from the director.
The director's existing stock options demonstrate a continued investment in the company's future.

Risks

The value of the restricted stock is tied to the performance of Marcus Corp's stock price.
The stock options may not be profitable if the stock price does not exceed the exercise price before expiration.

Future Outlook

The restricted stock will vest over the next four years, aligning the director's interests with the company's long-term performance.

Industry Context

This type of equity grant is a common practice for incentivizing directors and aligning their interests with shareholders in the broader corporate landscape.

Comparison to Industry Standards

Equity grants to directors are a standard practice across publicly traded companies.
The vesting schedule of 50% after two years and 100% after four years is a typical approach to ensure long-term commitment.
The range of exercise prices for the stock options is consistent with historical stock prices and market conditions at the time of grant.

Stakeholder Impact

The stock grant aligns the director's interests with shareholders.
The vesting schedule encourages long-term value creation.

Key Dates

Date	Description
02/07/2012	Grant date of a stock option with an exercise price of $38.51, expiring 12/27/2028.
05/28/2015	Grant date of a stock option with an exercise price of $19.65, expiring 05/28/2025.
05/31/2015	Grant date of a stock option with an exercise price of $18.97, expiring 05/31/2025.
12/29/2016	Grant date of a stock option with an exercise price of $31.55, expiring 12/29/2026.
12/28/2017	Grant date of a stock option with an exercise price of $27.2, expiring 12/28/2027.
12/26/2019	Grant date of a stock option with an exercise price of $32.6, expiring 12/26/2029.
12/30/2021	Grant date of a stock option with an exercise price of $17.95, expiring 12/30/2031.
12/29/2022	Grant date of a stock option with an exercise price of $14.25, expiring 12/29/2032.
12/28/2023	Grant date of a stock option with an exercise price of $14.69, expiring 12/28/2033.
12/26/2024	Date of restricted stock grant to Brian Jay Stark.
12/30/2024	Date of filing of the Form 4.

Keywords

Marcus Corp, Brian Jay Stark, restricted stock, stock options, director, equity incentive, beneficial ownership

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