Form 4: Marcus Corp Executive Exercises Options, Sells Shares for Tax Obligations
SEC Form 4 Filing
Thomas F. Kissinger, a senior executive at Marcus Corp, exercised stock options and sold shares to cover the exercise price and tax withholdings.
Summary
- On November 4, 2024, Thomas F. Kissinger, Sr Exec VP, Gen Counsel & Secy of Marcus Corp, exercised stock options to purchase 20,000 shares of common stock at a price of $12.71 per share.
- Kissinger then sold 15,949 shares at $21.10 to cover the exercise price and tax obligations.
- Following these transactions, Kissinger directly owns 194,585 shares of Marcus Corp common stock.
- He also indirectly owns 547 shares through a Dividend Reinvestment and Associate Stock Purchase Plan and 1,581 shares through a 401(k) Plan.
- Kissinger also holds options to purchase a total of 349,700 shares at prices ranging from $15.99 to $41.90.
Sentiment
Score: 5
Explanation: This is a routine transaction; the sentiment is neutral.
Industry Context
Executive stock option exercises and share sales are a common occurrence in publicly traded companies and are often related to compensation and tax planning.
Key Dates
| Date | Description |
|---|---|
| 07/29/2014 | Date of grant for stock options with an exercise price of $18.34 |
| 07/28/2015 | Date of grant for stock options with an exercise price of $20.26 |
| 03/01/2016 | Date of grant for stock options with an exercise price of $18.68 |
| 02/28/2017 | Date of grant for stock options with an exercise price of $31.2 |
| 02/27/2018 | Date of grant for stock options with an exercise price of $27 |
| 02/26/2019 | Date of grant for stock options with an exercise price of $41.9 |
| 02/25/2020 | Date of grant for stock options with an exercise price of $28.88 |
| 05/08/2020 | Date of grant for stock options with an exercise price of $12.71 |
| 03/09/2021 | Date of grant for stock options with an exercise price of $21.84 |
| 03/08/2022 | Date of grant for stock options with an exercise price of $17.04 |
| 03/07/2023 | Date of grant for stock options with an exercise price of $15.99 |
| 11/04/2024 | Date of transaction: Exercise of stock options and sale of shares. |
| 11/06/2024 | Date of Form 4 filing. |
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