Form 4: Marcus Corp Executive Thomas Kissinger Reports Stock Transactions
SEC Form 4
Thomas Kissinger, a Senior Executive VP at Marcus Corp, reported the withholding of shares for tax obligations and transactions related to stock options and a dividend reinvestment plan.
Summary
- Thomas Kissinger, a Senior Executive VP at Marcus Corporation, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, 3,406 shares of common stock were withheld to cover tax obligations related to the vesting of restricted stock at a price of $18.34 per share.
- The report also indicates ownership of 547 shares through a Dividend Reinvestment and Associate Stock Purchase Plan.
- Additionally, Kissinger holds 1,581 shares through a 401(k) plan.
- The filing details various stock options held by Kissinger, with exercise prices ranging from $15.99 to $41.9 and expiration dates extending to March 2033.
- These options were granted between July 2014 and March 2023 and vest over two to five years from the grant date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are standard practice across publicly traded companies, including competitors of Marcus Corp in the entertainment and hospitality industries.
- The vesting schedules and exercise prices of the stock options are typical for executive compensation plans.
- Companies like Hilton, Marriott, and Live Nation Entertainment also utilize similar equity-based compensation strategies to align executive interests with shareholder value.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- It assures stakeholders that executives have a vested interest in the company's performance through equity ownership.
Key Dates
| Date | Description |
|---|---|
| 07/29/2014 | Stock Option (right to buy) granted |
| 07/28/2015 | Stock Option (right to buy) granted |
| 03/01/2016 | Stock Option (right to buy) granted |
| 02/28/2017 | Stock Option (right to buy) granted |
| 02/27/2018 | Stock Option (right to buy) granted |
| 02/26/2019 | Stock Option (right to buy) granted |
| 02/25/2020 | Stock Option (right to buy) granted |
| 03/09/2021 | Stock Option (right to buy) granted |
| 03/08/2022 | Stock Option (right to buy) granted |
| 03/07/2023 | Stock Option (right to buy) granted |
| 03/01/2025 | Shares withheld for tax obligations |
| 03/04/2025 | Date of Form 4 signature |
| 07/28/2025 | Stock Option (right to buy) expires |
| 03/01/2026 | Stock Option (right to buy) expires |
| 02/28/2027 | Stock Option (right to buy) expires |
| 02/27/2028 | Stock Option (right to buy) expires |
| 02/26/2029 | Stock Option (right to buy) expires |
| 02/25/2030 | Stock Option (right to buy) expires |
| 03/09/2031 | Stock Option (right to buy) expires |
| 03/08/2032 | Stock Option (right to buy) expires |
| 03/07/2033 | Stock Option (right to buy) expires |
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