KISSINGER THOMAS F 4
4 · MARCUS CORP · Filed Jun 29, 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 50,000 stock options on June 25, 2026. The exercise price was $17.04 per share (total exercise cost $852,000). The company withheld 41,723 of the underlying shares to cover the exercise price and tax withholding (valued at $23.37 per share, total $975,067), leaving a net delivery of 8,277 shares to the insider (approx. $193,433 at the June 25 close). This was a net exercise/cashless-style transaction rather than an open-market purchase or sale.
Key Details
- Transaction date: June 25, 2026; Form 4 filed June 29, 2026 (timely filing).
- Option exercise: 50,000 shares at $17.04 = $852,000 (code M).
- Withheld for payment/taxes: 41,723 shares at $23.37 = $975,067 (code F).
- Net shares retained by insider: 8,277 (approximate). Net value at close: ~$193,433.
- Footnote: Company withheld shares per The Marcus Corporation 2004 Equity and Incentive Awards Plan to cover exercise price and tax withholding (uses closing price of $23.37).
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
- This was an exercise of options with shares withheld to cover the exercise price and tax obligations (a common cashless/net exercise practice). The filing shows no open-market sale by the insider—the disposed shares were withheld by the company to satisfy obligations.
- Such exercises are routine for option holders and do not by themselves indicate a buy/sell signal; they simply convert option rights into common shares.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-06-25$17.04/sh+50,000$852,000→ 253,639 total - Tax Payment
Common Stock
[F1]2026-06-25$23.37/sh−41,723$975,067→ 211,916 total - Exercise/Conversion
Stock Option (right to buy) (granted 3/8/22)
[F3]2026-06-25−50,000→ 0 totalExercise: $17.04Exp: 2032-03-08→ Common Stock (50,000 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) - 14,150
Stock Option (right to buy) (granted 3/7/23)
[F3]Exercise: $15.99Exp: 2033-03-07→ Common Stock (14,150 underlying)
Footnotes (4)
- [F1]Represents a net exercise of outstanding options. The reporting person received 50,000 shares of common stock on net exercise of option to purchase 50,000 shares of common stock. The Company withheld 41,723 shares of common stock underlying the option for payment of the exercise price and tax withholding, using the closing stock price on June 25, 2026 of $23.37, 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.