Form 4: Marcus Corp Director Timothy Hoeksema Reports Acquisition of Common Stock
SEC Form 4
Director Timothy Hoeksema reports acquiring 2,154 shares of Marcus Corp common stock at $11.60 per share on May 23, 2024, and beneficially owns 40,497 shares directly and 15,002 indirectly through a trust.
Summary
- On May 23, 2024, Timothy Hoeksema, a director of Marcus Corp, acquired 2,154 shares of common stock at a price of $11.60 per share.
- Following this transaction, Hoeksema directly owns 40,497 shares of common stock.
- Hoeksema also indirectly owns 15,002 shares through the Timothy and Janis Hoeksema Revocable Trust U/A Dated 01/04/2010.
- The report also details Hoeksema's holdings of various stock options granted under The Marcus Corporation 2004 Equity Incentive Plan, with exercise prices ranging from $14.25 to $38.51 and expiration dates extending to 2033.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard disclosure of stock acquisition by a director. The acquisition itself could be seen as a slightly positive signal, but the form is primarily informational.
Positives
- The acquisition of shares by a director could be interpreted positively, signaling confidence in the company's future.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment due to the director's increased investment in the company.
Key Dates
| Date | Description |
|---|---|
| 01/04/2010 | Date of the Timothy and Janis Hoeksema Revocable Trust U/A |
| 05/29/2014 | Expiration date of one of the stock option grants |
| 05/28/2015 | Expiration date of one of the stock option grants |
| 12/31/2015 | Expiration date of one of the stock option grants |
| 12/29/2016 | Expiration date of one of the stock option grants |
| 12/28/2017 | Expiration date of one of the stock option grants |
| 12/27/2018 | Expiration date of one of the stock option grants |
| 12/26/2019 | Expiration date of one of the stock option grants |
| 12/30/2021 | Expiration date of one of the stock option grants |
| 12/29/2022 | Expiration date of one of the stock option grants |
| 12/28/2023 | Expiration date of one of the stock option grants |
| 05/23/2024 | Date of common stock acquisition |
| 05/28/2024 | Date of report filing |
| 05/29/2024 | Expiration date of one of the stock option grants |
| 12/26/2029 | Expiration date of one of the stock option grants |
| 12/30/2031 | Expiration date of one of the stock option grants |
| 12/29/2032 | Expiration date of one of the stock option grants |
| 12/28/2033 | Expiration date of one of the stock option grants |
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