Form 4: Marcus Corp Director Diane M. Gershowitz Reports Stock Acquisition and Holdings
SEC Form 4
Director Diane M. Gershowitz reports acquisition of Marcus Corp stock and holdings, including derivative securities and indirect ownership through trusts and LLCs.
Summary
- Diane M. Gershowitz, a director of Marcus Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
- On May 23, 2024, she acquired 2,154 shares of common stock at a price of $11.60 per share as consideration for service as a director.
- Following the transaction, Gershowitz directly owns 37,083 shares of common stock.
- She also indirectly owns 200,617.223 shares through DG-LDJ Holdings, LLC.
- Gershowitz holds various stock options to purchase common stock at prices ranging from $14.25 to $38.51, with expiration dates extending to 2033.
- She also indirectly owns Class B Common Stock through a trust and as a trustee for her brother's children.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing indicating stock acquisition by a director, which can be seen as a slightly positive sign of confidence, but it's not overwhelmingly positive.
Positives
- The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The reported transactions provide shareholders with insights into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/29/2014 | Date exercisable for stock option with an exercise price of $16.84, expiring on 05/29/2024 |
| 05/28/2015 | Date exercisable for stock option with an exercise price of $19.65, expiring on 05/28/2025 |
| 12/29/2015 | Date exercisable for stock option with an exercise price of $18.97, expiring on 12/29/2025 |
| 12/29/2016 | Date exercisable for stock option with an exercise price of $31.55, expiring on 12/29/2026 |
| 12/28/2017 | Date exercisable for stock option with an exercise price of $27.2, expiring on 12/28/2027 |
| 12/27/2018 | Date exercisable for stock option with an exercise price of $38.51, expiring on 12/27/2028 |
| 12/26/2019 | Date exercisable for stock option with an exercise price of $32.6, expiring on 12/26/2029 |
| 12/30/2021 | Date exercisable for stock option with an exercise price of $17.95, expiring on 12/30/2031 |
| 12/29/2022 | Date exercisable for stock option with an exercise price of $14.25, expiring on 12/29/2032 |
| 12/28/2023 | Date exercisable for stock option with an exercise price of $14.69, expiring on 12/28/2033 |
| 05/23/2024 | Date of transaction where Diane M. Gershowitz acquired 2,154 shares of common stock at $11.60 per share. |
| 05/28/2024 | Date of filing of the Form 4. |
| 05/29/2024 | Expiration date for stock option with an exercise price of $16.84 |
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