Form 4: Marcus Corp Director Diane Gershowitz Reports Stock Transactions and Holdings
SEC Form 4 Filing
Director Diane Gershowitz of Marcus Corp reports acquisition of restricted stock and details holdings of common and Class B common stock, including through indirect ownership.
Summary
- Diane Gershowitz, a director at Marcus Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
- She acquired 2,956 shares of common stock as restricted stock on December 26, 2024, at no cost.
- These restricted shares vest 50% after two years and 100% after four years from the grant date.
- Gershowitz also holds 40,039 shares of common stock directly.
- She indirectly owns 175,617.223 shares of common stock through DG-LDJ Holdings, LLC.
- Additionally, she holds various stock options with different exercise prices and expiration dates.
- Gershowitz indirectly owns 1,943,196 shares of Class B common stock through DG-LDJ Holdings, LLC.
- She also holds 131,506 shares of Class B common stock as a trustee and 50,845 shares through a trust.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of insider transactions, which is generally neutral. The acquisition of restricted stock is a positive sign of alignment, but overall, the document doesn't indicate a significant positive or negative sentiment.
Positives
- The acquisition of restricted stock indicates continued alignment of interests between the director and the company.
- The director's significant holdings of both common and Class B common stock demonstrate a strong stake in the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings and activities of company directors.
Comparison to Industry Standards
- Form 4 filings are standard practice for all publicly traded companies in the US, as mandated by the SEC.
- The level of detail provided in this filing is consistent with what is expected for insider transaction reporting.
- The types of securities held (common stock, Class B common stock, and stock options) are typical for executive compensation packages in similar companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a key director.
- The information is relevant for investors tracking insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/28/2015 | Date of exercisability for a stock option. |
| 12/29/2015 | Date of exercisability for a stock option. |
| 12/29/2016 | Date of exercisability for a stock option. |
| 12/28/2017 | Date of exercisability for a stock option. |
| 12/27/2018 | Date of exercisability for a stock option. |
| 12/26/2019 | Date of exercisability for a stock option. |
| 12/30/2021 | Date of exercisability for a stock option. |
| 12/29/2022 | Date of exercisability for a stock option. |
| 12/28/2023 | Date of exercisability for a stock option. |
| 12/26/2024 | Date of restricted stock grant and earliest transaction date. |
| 12/30/2024 | Date of signature for the Form 4 filing. |
Keywords
Form 4, beneficial ownership, stock options, restricted stock, common stock, Class B common stock, director, Marcus Corp, DG-LDJ Holdings, LLC, insider trading
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