Form 4: Marcus Corp Executive Thomas Kissinger Reports Stock Transactions
SEC Form 4
Thomas Kissinger, a senior executive at Marcus Corp, reported the withholding of shares to cover tax obligations and provided an update on stock options and shares held through various plans.
Summary
- Thomas Kissinger, a Senior Executive VP, Gen Counsel & Secretary at Marcus Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 25, 2025, 2,670 shares of common stock were disposed of at a price of $20.81 per share to cover tax obligations related to the vesting of restricted stock.
- Kissinger also reported holding 547 shares through a Dividend Reinvestment and Associate Stock Purchase Plan and 1,581 shares through a 401(k) plan.
- The filing includes details of various stock options held by Kissinger, with exercise prices ranging from $15.99 to $41.9 and expiration dates extending to 2033.
- The total number of stock options held is 324,783.
- The filing also clarifies the vesting schedules for the stock options granted in 2022 and 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, reflecting neutral sentiment as it reports transactions without expressing opinions or predictions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the insider's transactions for insights into management's view of the company's value.
- The transactions have a minor impact on the overall stock ownership structure.
Key Dates
| Date | Description |
|---|---|
| 07/29/2014 | Date of grant for stock options with an exercise price of $18.34 and an expiration date of 07/29/2024 |
| 07/28/2015 | Date of grant for stock options with an exercise price of $20.26 and an expiration date of 07/28/2025 |
| 03/01/2016 | Date of grant for stock options with an exercise price of $18.68 and an expiration date of 03/01/2026 |
| 02/28/2017 | Date of grant for stock options with an exercise price of $31.2 and an expiration date of 02/28/2027 |
| 02/27/2018 | Date of grant for stock options with an exercise price of $27 and an expiration date of 02/27/2028 |
| 02/26/2019 | Date of grant for stock options with an exercise price of $41.9 and an expiration date of 02/26/2029 |
| 02/25/2020 | Date of grant for stock options with an exercise price of $28.88 and an expiration date of 02/25/2030 |
| 03/09/2021 | Date of grant for stock options with an exercise price of $21.84 and an expiration date of 03/09/2031 |
| 02/25/2021 | Date of grant for restricted stock, shares withheld to pay tax amounts owed. |
| 03/08/2022 | Date of grant for stock options with an exercise price of $17.04 and an expiration date of 03/08/2032 |
| 03/07/2023 | Date of grant for stock options with an exercise price of $15.99 and an expiration date of 03/07/2033 |
| 07/29/2024 | Expiration date for stock options granted on 07/29/2014 |
| 02/25/2025 | Date of transaction: disposal of 2,670 shares to cover tax obligations. |
| 07/28/2025 | Expiration date for stock options granted on 07/28/2015 |
| 03/01/2026 | Expiration date for stock options granted on 03/01/2016 |
| 02/28/2027 | Expiration date for stock options granted on 02/28/2017 |
| 02/27/2028 | Expiration date for stock options granted on 02/27/2018 |
| 02/26/2029 | Expiration date for stock options granted on 02/26/2019 |
| 02/25/2030 | Expiration date for stock options granted on 02/25/2020 |
| 03/09/2031 | Expiration date for stock options granted on 03/09/2021 |
| 03/08/2032 | Expiration date for stock options granted on 03/08/2022 |
| 03/07/2033 | Expiration date for stock options granted on 03/07/2023 |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.