Gramz Mark A 4
Research Summary
AI-generated summary
Marcus Corp (MCS) President Mark Gramz Withholds 12,218 Shares for Taxes
What Happened
- Mark A. Gramz, President of Marcus Theatres (Marcus Corp, MCS), had 12,218 restricted shares withheld to satisfy tax liabilities related to vesting. The filing reports the shares as a disposition with a reported price of $0.00 (cashless/tax withholding), resulting in $0 proceeds.
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 6, 2026.
- Reported transaction type/code: F — payment of exercise price or tax liability (shares withheld).
- Shares withheld: 12,218; reported dollar amount: $0.00 (common for tax-withholding disposals).
- Footnote F1: Shares were withheld from vesting of restricted stock grants dated Mar 1, 2023; Feb 22, 2024; Feb 12, 2025; and Feb 11, 2026 to cover tax amounts.
- Footnotes F2/F3: The filing also lists vesting schedules for certain option grants (40–100% over 2–5 years and 50–100% over 2–4 years), though the reported disposition here is tax withholding from restricted stock.
- Shares owned after the transaction: not specified in the excerpt of the filing provided.
- Filing timing: form filed five days after the transaction date; investors may want to note SEC rules require most Form 4s within two business days.
Context
- This was a tax-withholding (cashless) disposition tied to restricted stock vesting, not an open-market sale. Such withholdings are routine and do not by themselves indicate insider buying or selling sentiment.
- Transaction code legend: F = tax withholding/ payment of exercise price or tax liability. For derivative transactions (options), filings often note whether options were exercised and whether resulting shares were sold immediately; in this case, the action was withholding from restricted-stock vesting.