Form 4: Marcus Corp Director Timothy Hoeksema Reports Stock Transactions
SEC Form 4 Filing
Director Timothy Hoeksema of Marcus Corp. reports the acquisition of 2,956 shares of common stock and the disposal of 15,002 shares held indirectly through a trust.
Summary
- Timothy Hoeksema, a director at Marcus Corp., reported a transaction on December 26, 2024.
- He acquired 2,956 shares of common stock at a price of $0, which appears to be a grant of restricted stock.
- He also disposed of 15,002 shares of common stock held indirectly through the Timothy and Janis Hoeksema Revocable Trust.
- The restricted stock grant vests 50% after two years and 100% after four years.
- Hoeksema also holds multiple stock options with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company directors.
Comparison to Industry Standards
- Form 4 filings are standard practice for all publicly traded companies in the US.
- The reporting of stock transactions by directors is a common occurrence and is required by the SEC.
- The vesting schedule of the restricted stock is typical for executive compensation packages.
Stakeholder Impact
- The stock transactions may have a minor impact on the share price, but are unlikely to be significant.
- The disclosure provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 01/04/2010 | Date of the Timothy and Janis Hoeksema Revocable Trust. |
| 05/28/2015 | Date of exercisability for one of the stock options. |
| 12/31/2015 | Date of exercisability for one of the stock options. |
| 12/29/2016 | Date of exercisability for one of the stock options. |
| 12/28/2017 | Date of exercisability for one of the stock options. |
| 12/27/2018 | Date of exercisability for one of the stock options. |
| 12/26/2019 | Date of exercisability for one of the stock options. |
| 12/30/2021 | Date of exercisability for one of the stock options. |
| 12/29/2022 | Date of exercisability for one of the stock options. |
| 12/28/2023 | Date of exercisability for one of the stock options. |
| 12/26/2024 | Date of the reported stock transaction and grant of restricted stock. |
| 12/30/2024 | Date of the signature on the form. |
Keywords
stock transactions, insider trading, Form 4, Marcus Corp, equity, stock options, restricted stock, beneficial ownership
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