GERSHOWITZ DIANE M 4/A
Research Summary
AI-generated summary
Marcus Corp (MCS) Director Diane M. Gershowitz Receives Award
What Happened
Diane M. Gershowitz, a director and reported 10% owner, was granted 1,391 shares (Class B) of The Marcus Corporation on 2026-05-21 at a reported per-share value of $17.97, totaling $24,996. The grant was made as compensation for her service as a director under The Marcus Corporation 2004 Equity and Incentive Awards Plan. This was an award/grant (code A) — not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-21; Price/value per share reported: $17.97; Total value: $24,996.
- Filing: Amended Form 4 filed 2026-05-27 to correct previously reported underlying securities (reported in dollars previously; now reported in shares).
- Security specifics: Class B Common Stock convertible into Common Stock 1-for-1 at no cost (Class B carries 10 votes per share vs. 1 vote for Common). The security is immediately exercisable and has no expiration (per footnotes).
- Grant authority: Issued by the company pursuant to the 2004 Equity and Incentive Awards Plan and granted in consideration of director service.
- Ownership reporting: The filing identifies Gershowitz as a 10% owner; the filing excerpt provided does not state total shares owned after the transaction.
- Trust/trustee notes: Some holdings are reported in connection with a revocable trust and as trustee for brother’s children (per footnotes).
Context
This was a director compensation award, which is routine for board service and not the same as a director buying or selling shares in the market. Because the shares are Class B and convertible 1-for-1, the grant increases her voting stake (Class B = 10 votes per share) while conversion preserves one-for-one economic exposure to common shares. The filing was amended shortly after the transaction to correct how the underlying securities were reported.