KISSINGER THOMAS F 4
4 · MARCUS CORP · Filed Apr 15, 2026
Research Summary
AI-generated summary of this filing
Marcus Corp (MCS) GC Thomas Kissinger Exercises Options
What Happened Thomas F. Kissinger, Senior Executive Vice President, General Counsel & Secretary and a director of Marcus Corporation (MCS), exercised stock options on April 13, 2026. The filing shows an option exercise of 42,450 shares at a $15.99 strike (acquisition value reported $678,776). The company withheld 38,511 shares using the April 13 closing price of $19.17 (value reported $738,256) to satisfy the exercise price and tax withholding — i.e., a net (cashless) exercise. Footnote F1 states the reporting person received 56,600 shares on net exercise (as reported in the filing).
Key Details
- Transaction date: 2026-04-13; Form 4 filed 2026-04-15 (filed within the normal 2‑business‑day window).
- Exercise: 42,450 option shares at $15.99 → reported value $678,776 (code M).
- Withholding/tax disposition: 38,511 shares withheld at $19.17 (closing price) → reported value $738,256 (code F).
- Filing notes: F1 explains this was a net exercise and reports receipt of 56,600 shares; F3/F4 describe original option vesting schedules; F2 refers to dividend reinvestment/associate purchase plan.
- Shares owned after transaction: not specified in the excerpt of the filing.
Context This was a cashless/net exercise of options (company withheld shares to cover the exercise price and taxes), a routine type of insider transaction that converts option rights into stock rather than an open-market buy or sale. The filing does not by itself indicate the insider’s view on the company’s stock. The filing appears timely.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-04-13$15.99/sh+42,450$678,776→ 242,150 total - Tax Payment
Common Stock
[F1]2026-04-13$19.17/sh−38,511$738,256→ 203,639 total - Exercise/Conversion
Stock Option (right to buy) (granted 3/7/23)
[F3]2026-04-13−42,450→ 14,150 totalExercise: $15.99Exp: 2033-03-07→ Common Stock (42,450 underlying)
- 547(indirect: By Plan)
Common Stock
[F2] - 17,000
Stock Option (right to buy) (granted 2/28/17)
[F4]Exercise: $31.20Exp: 2027-02-28→ Common Stock (17,000 underlying) - 24,400
Stock Option (right to buy) (granted 2/27/18)
[F4]Exercise: $27.00Exp: 2028-02-27→ Common Stock (24,400 underlying) - 23,400
Stock Option (right to buy) (granted 2/26/19)
[F4]Exercise: $41.90Exp: 2029-02-26→ Common Stock (23,400 underlying) - 39,000
Stock Option (right to buy) (granted 2/25/20)
[F4]Exercise: $28.88Exp: 2030-02-25→ Common Stock (39,000 underlying) - 47,100
Stock Option (right to buy) (granted 3/9/21)
[F4]Exercise: $21.84Exp: 2031-03-09→ Common Stock (47,100 underlying) - 50,000
Stock Option (right to buy) (granted 3/8/22)
[F3]Exercise: $17.04Exp: 2032-03-08→ Common Stock (50,000 underlying)
Footnotes (4)
- [F1]Represents a net exercise of outstanding options. The reporting person received 56,600 shares of common stock on net exercise of option to purchase 42,450 shares of common stock. The Company withheld 38,511 shares of common stock underlying the option for payment of the exercise price and tax withholding, using the closing stock price on April 13, 2026 of $19.17, pursuant to the terms of The Marcus Corporation 2004 Equity and Incentive Awards Plan.
- [F2]By Dividend Reinvestment and Associate Stock Purchase Plan
- [F3]The options originally granted vest and become exercisable as follows: 50% after 2nd anniversary of the date of grant; 75% after 3rd anniversary; and 100% after 4 years.
- [F4]The options originally granted vest and become exercisable as follows: 40% after 2nd anniversary of the date of grant; 60% after 3rd anniversary; 80% after 4th anniversary; and 100% after 5 years.