Form 4: Marcus Corp Executive Thomas Kissinger Reports Stock Transactions
SEC Form 4
Thomas Kissinger, a Senior Executive VP at Marcus Corp, reports acquisition of shares through restricted stock grants and dividend reinvestment, as well as holdings in the 401(k) plan.
Summary
- On February 12, 2025, Thomas F. Kissinger, a Senior Executive VP at Marcus Corporation, reported transactions involving the company's stock.
- He acquired 21,960 shares of common stock through a restricted stock grant at $0 per share.
- These shares vest in two stages: 50% after two years and 100% after three years from the grant date.
- Kissinger also acquired 547 shares through the Dividend Reinvestment and Associate Stock Purchase Plan.
- Additionally, he holds 1,581 shares through the 401(k) Plan.
- He directly owns 208,545 shares of common stock.
- Kissinger also holds various stock options with exercise prices ranging from $15.99 to $41.9, expiring between 2024 and 2033.
- These options vest over several years from the grant date.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing showing standard executive compensation practices. There's no indication of unusual activity or cause for alarm or excessive optimism.
Positives
- The acquisition of shares through restricted stock grants and dividend reinvestment indicates confidence in the company's future performance.
- The executive's significant holdings in the company's stock align his interests with those of other shareholders.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, and restricted stock units.
- The vesting schedules for the restricted stock and stock options are typical, designed to incentivize long-term performance and retention.
- Dividend reinvestment plans are common for allowing shareholders to increase their holdings over time.
Stakeholder Impact
- The transactions have a minor positive impact on shareholders by aligning executive interests with company performance.
- Employees participating in the Associate Stock Purchase Plan benefit from the opportunity to acquire company stock.
Key Dates
| Date | Description |
|---|---|
| 07/29/2014 | Grant date of stock options with an exercise price of $18.34, expiring on 07/29/2024. |
| 07/28/2015 | Grant date of stock options with an exercise price of $20.26, expiring on 07/28/2025. |
| 03/01/2016 | Grant date of stock options with an exercise price of $18.68, expiring on 03/01/2026. |
| 02/28/2017 | Grant date of stock options with an exercise price of $31.2, expiring on 02/28/2027. |
| 02/27/2018 | Grant date of stock options with an exercise price of $27, expiring on 02/27/2028. |
| 02/26/2019 | Grant date of stock options with an exercise price of $41.9, expiring on 02/26/2029. |
| 02/25/2020 | Grant date of stock options with an exercise price of $28.88, expiring on 02/25/2030. |
| 03/09/2021 | Grant date of stock options with an exercise price of $21.84, expiring on 03/09/2031. |
| 03/08/2022 | Grant date of stock options with an exercise price of $17.04. |
| 03/07/2023 | Grant date of stock options with an exercise price of $15.99, expiring on 03/07/2033. |
| 07/29/2024 | Expiration date of stock options granted on 07/29/2014. |
| 02/12/2025 | Date of the reported transactions, including the restricted stock grant. |
| 02/14/2025 | Date of the form filing. |
| 07/28/2025 | Expiration date of stock options granted on 07/28/2015. |
| 03/01/2026 | Expiration date of stock options granted on 03/01/2016. |
| 02/28/2027 | Expiration date of stock options granted on 02/28/2017. |
| 02/27/2028 | Expiration date of stock options granted on 02/27/2018. |
| 02/26/2029 | Expiration date of stock options granted on 02/26/2019. |
| 02/25/2030 | Expiration date of stock options granted on 02/25/2020. |
| 03/09/2031 | Expiration date of stock options granted on 03/09/2021. |
| 03/07/2033 | Expiration date of stock options granted on 03/07/2023. |
Keywords
Marcus Corp, Thomas Kissinger, stock options, Form 4, beneficial ownership, restricted stock, dividend reinvestment, 401(k) plan, executive compensation
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