Marcus Corp (NYSE: MCS) legal chief exercises stock options
Rhea-AI Filing Summary
MARCUS CORP (MCS) reported that Sr Exec VP, Gen Counsel & Secy Thomas F. Kissinger executed a series of option exercises and related share withholdings on August 3, 2026. He exercised stock options for 24,400 shares at $27.00, 39,000 shares at $28.88, and 47,100 shares at $21.84 per share, receiving the same number of common shares in each case through net exercises. To pay the exercise price and tax withholding, the company withheld 22,499, 37,167, and 38,708 shares, respectively, using the $30.69 August 3, 2026 closing price. After these transactions, he continued to hold stock options on 17,000, 23,400, and 14,150 underlying shares, and indirectly held 547 common shares through a plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 12,126 shares
Net Buy
13 txns
Insider
KISSINGER THOMAS F
Role
Sr Exec VP, Gen Counsel & Secy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) (granted 2/27/18) F6 | 24,400 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) (granted 2/25/20) F6 | 39,000 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) (granted 3/9/21 F6 | 47,100 | $0.00 | $0.00 |
| Exercise | Common Stock | 24,400 | $27.00 | $659K |
| Exercise Price or Tax Liability | Common Stock F1 | 22,499 | $30.69 | $690K |
| Exercise | Common Stock | 39,000 | $28.88 | $1.13M |
| Exercise Price or Tax Liability | Common Stock F2 | 37,167 | $30.69 | $1.14M |
| Exercise | Common Stock | 47,100 | $21.84 | $1.03M |
| Exercise Price or Tax Liability | Common Stock F3 | 38,708 | $30.69 | $1.19M |
| holding | Stock Option (right to buy) (granted 2/28/17) F5 | -- | -- | -- |
| holding | Stock Option (right to buy) (granted 2/26/19) F5 | -- | -- | -- |
| holding | Stock Option (right to buy) (granted 3/7/23) F6 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) (granted 2/27/18) — 0 shares (Direct);
Stock Option (right to buy) (granted 2/25/20) — 0 shares (Direct);
Stock Option (right to buy) (granted 3/9/21 — 0 shares (Direct);
Common Stock — 224,042 shares (Direct);
Stock Option (right to buy) (granted 2/28/17) — 17,000 shares (Direct);
Stock Option (right to buy) (granted 2/26/19) — 23,400 shares (Direct);
Stock Option (right to buy) (granted 3/7/23) — 14,150 shares (Direct);
Common Stock — 547 shares (Indirect, By Plan)
Footnotes (6)
- F1. Represents a net exercise of outstanding options. The reporting person received 24,400 shares of common stock on net exercise of options to purchase 24,400 shares of common stock. The Company withheld 22,499 shares of common stock underlying the option for payment of the exercise price and tax withholding, using the closing stock price on August 3, 2026 of $30.69, pursuant to the terms of the Marcus Corporation 2004 Equity and Incentive Awards Plan.
- F2. Represents a net exercise of outstanding options. The reporting person received 39,000 shares of common stock on net exercise of options to purchase 39,000 shares of common stock. The Company withheld 37,167 shares of common stock underlying the option for payment of the exercise price and tax withholding, using the closing stock price on August 3, 2026 of $30.69, pursuant to the terms of the Marcus Corporation 2004 Equity and Incentive Awards Plan.
- F3. Represents a net exercise of outstanding options. The reporting person received 47,100 shares of common stock on net exercise of options to purchase 47,100 shares of common stock. The Company withheld 38,708 shares of common stock underlying the option for payment of the exercise price and tax withholding, using the closing stock price on August 3, 2026 of $30.69, pursuant to the terms of the Marcus Corporation 2004 Equity and Incentive Awards Plan.
- F4. By Dividend Reinvestment and Associate Stock Purchase Plan.
- F5. 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.
- F6. 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.
Key Figures
Options exercised (grant 2/27/18): 24,400 shares at $27.00
Options exercised (grant 2/25/20): 39,000 shares at $28.88
Options exercised (grant 3/9/21): 47,100 shares at $21.84
+5 more
8 metrics
Options exercised (grant 2/27/18)
24,400 shares at $27.00
Stock options exercised into common stock on 2026-08-03
Options exercised (grant 2/25/20)
39,000 shares at $28.88
Stock options exercised into common stock on 2026-08-03
Options exercised (grant 3/9/21)
47,100 shares at $21.84
Stock options exercised into common stock on 2026-08-03
Shares withheld for price/taxes (F1)
22,499 shares at $30.69
Common shares withheld to pay exercise price and tax withholding
Shares withheld for price/taxes (F2)
37,167 shares at $30.69
Common shares withheld to pay exercise price and tax withholding
Shares withheld for price/taxes (F3)
38,708 shares at $30.69
Common shares withheld to pay exercise price and tax withholding
Remaining option position (2/28/17 grant)
17,000 underlying shares at $31.20
Unexercised stock options expiring 2027-02-28
Indirect plan holdings
547 shares
Common stock held indirectly by plan participation
Key Terms
net exercise, exercise price, Dividend Reinvestment and Associate Stock Purchase Plan, withheld, +1 more
5 terms
net exercise financial
"Represents a net exercise of outstanding options."
A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.
exercise price financial
"underlying the option for payment of the exercise price and tax withholding"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Dividend Reinvestment and Associate Stock Purchase Plan financial
"By Dividend Reinvestment and Associate Stock Purchase Plan."
withheld financial
"The Company withheld 22,499 shares of common stock underlying the option"
Stock Option (right to buy) financial
"Stock Option (right to buy) (granted 2/28/17)"
FAQ
What did insider Thomas F. Kissinger do in this Form 4/A for MCS?
Thomas F. Kissinger exercised three stock option grants on August 3, 2026, receiving 24,400, 39,000, and 47,100 Marcus Corp common shares via net exercises. The company withheld shares to cover exercise prices and tax withholding at a $30.69 closing price.
How many Marcus Corp (MCS) options did Thomas F. Kissinger exercise and at what strike prices?
He exercised options over 24,400 shares at $27.00, 39,000 shares at $28.88, and 47,100 shares at $21.84 per share. Each exercise produced the same number of common shares through net settlement with some shares withheld for costs.
What option positions does Thomas F. Kissinger still hold in MCS after these transactions?
He still holds stock options on 17,000 shares at $31.20 (expiring 2027-02-28), 23,400 shares at $41.90 (expiring 2029-02-26), and 14,150 shares at $15.99 (expiring 2033-03-07), all exercisable into Marcus Corp common stock.
Were the MCS option exercises reported as part of a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, indicating the reported transactions were not affirmatively identified as made under a Rule 10b5-1 trading plan. The footnotes describe mechanics of net exercises and withholdings, but not any trading plan.
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