GERSHOWITZ DIANE M 4
Research Summary
AI-generated summary
Marcus Corp (MCS) 10% Owner Diane M. Gershowitz Receives Award
What Happened
- Diane M. Gershowitz, listed as a 10% owner, was granted 1,391 Class B shares of Marcus Corporation as a director award on 2026-05-21. The grant price reported is $17.97 per share, for a total reported value of $24,996. The filing classifies this as an award/acquisition (A), i.e., compensation rather than an open-market purchase.
Key Details
- Transaction date: 2026-05-21; Filing date: 2026-05-26 (appears filed after the typical two-business-day Form 4 window).
- Shares granted: 1,391 Class B Common Stock; Price per share: $17.97; Total value: $24,996.
- Security features (from footnotes): Class B is convertible to Common Stock on a 1-for-1 basis at no cost; Class B carries 10 votes per share (Common carries 1 vote).
- Other footnotes: Granted for service as a director and issued under The Marcus Corporation 2004 Equity and Incentive Awards Plan. Security is immediately exercisable and has no expiration. Some holdings are held in trust (trustee/Ben and Celia Marcus 1992 Revocable Trust F/B/O Diane M. Gershowitz / as trustee for brother's children).
- Shares owned after transaction: not specified in the provided filing details.
- Transaction type: Award/grant (code A) — acquisition via compensation, not a market purchase or sale.
Context
- This was a director compensation award, which reflects company pay practices rather than a direct buy/sell signal about Marcus’s stock. As a 10% owner and director, Gershowitz’s holdings include trust arrangements noted in the filing. The Class B shares can be converted to common shares and carry greater voting power. The filing date suggests a late Form 4 submission relative to the usual two-business-day rule.