Form 4: Marcus Corp Executive Thomas Kissinger Sells 8,000 Shares
SEC Form 4 Filing
Thomas Kissinger, a Senior Executive VP, General Counsel & Secretary at Marcus Corp, sold 8,000 shares of common stock at an average price of $22.31 on November 6, 2024.
Summary
- On November 6, 2024, Thomas F. Kissinger, a Senior Executive VP, General Counsel & Secretary at Marcus Corp [MCS], sold 8,000 shares of common stock.
- The sale was executed at a weighted average price of $22.31 per share, with prices ranging from $22.29 to $22.34.
- Following the transaction, Kissinger directly owns 186,585 shares of common stock.
- Kissinger also indirectly owns 547 shares through a Dividend Reinvestment and Associate Stock Purchase Plan and 1,581 shares through a 401(k) Plan.
- Kissinger holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider stock sale. The sentiment is neither particularly positive nor negative as it simply reflects a transaction.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into the transactions of those with privileged information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, potentially leading to concerns about the executive's confidence in the company's future performance.
- However, such transactions are common and don't necessarily indicate a negative outlook.
Key Dates
| Date | Description |
|---|---|
| 07/29/2014 | Date of grant for stock options with an exercise price of $18.34, expiring on 07/29/2024 |
| 07/28/2015 | Date of grant for stock options with an exercise price of $20.26, expiring on 07/28/2025 |
| 03/01/2016 | Date of grant for stock options with an exercise price of $18.68, expiring on 03/01/2026 |
| 02/28/2017 | Date of grant for stock options with an exercise price of $31.2, expiring on 02/28/2027 |
| 02/27/2018 | Date of grant for stock options with an exercise price of $27, expiring on 02/27/2028 |
| 02/26/2019 | Date of grant for stock options with an exercise price of $41.9, expiring on 02/26/2029 |
| 02/25/2020 | Date of grant for stock options with an exercise price of $28.88, expiring on 02/25/2030 |
| 03/09/2021 | Date of grant for stock options with an exercise price of $21.84, expiring on 03/09/2031 |
| 03/08/2022 | Date of grant for stock options with an exercise price of $17.04, expiring on 03/08/2032 |
| 03/07/2023 | Date of grant for stock options with an exercise price of $15.99, expiring on 03/07/2033 |
| 11/06/2024 | Date of the transaction: Thomas Kissinger sold 8,000 shares of common stock. |
| 11/07/2024 | Date of the signature on the Form 4 filing. |
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