Director at Marcus Corp (NYSE: MCS) receives 1,391-share stock grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Marcus Corp director Timothy E. Hoeksema reported an amended insider filing reflecting a new equity grant and updated option data. He received 1,391 shares of Common Stock at $17.97 per share as a grant in consideration of his service as a director, increasing his directly held Common Stock to 50,556 shares. An additional 15,002 shares are held indirectly through the Timothy and Janis Hoeksema Revocable Trust.
The filing also lists several remaining stock option awards to buy Common Stock, including options over 1,455 shares at $14.69 expiring in 2033 and 1,438 shares at $14.25 expiring in 2032, along with older grants at exercise prices up to $38.51. The amendment states it is made solely to correct previously reported underlying securities that were mistakenly reported in dollars instead of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
HOEKSEMA TIMOTHY E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,391 | $17.97 | $25K |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 50,556 shares (Direct, null);
Stock Option (Right to Buy) — 1,000 shares (Direct, null);
Common Stock — 15,002 shares (Indirect, By Trust)
Footnotes (1)
- Granted by Issuer in consideration of service as a director. By the Timothy and Janis Hoeksema Revocable Trust U/A Dated 01/04/2010. Granted pursuant to The Marcus Corporation 2004 Equity and Incentive Awards Plan. Amending solely to correct previously reported Underlying Securities reported in dollars to be reported in shares.
Key Figures
Director stock grant: 1,391 shares at $17.97
Direct common holdings: 50,556 shares
Trust common holdings: 15,002 shares
+4 more
7 metrics
Director stock grant
1,391 shares at $17.97
Common Stock grant for director service
Direct common holdings
50,556 shares
Common Stock directly held after grant
Trust common holdings
15,002 shares
Common Stock held by revocable trust
Option grant 2033 expiry
1,455 underlying shares at $14.69
Stock Option (Right to Buy), expires 2033-12-28
Option grant 2032 expiry
1,438 underlying shares at $14.25
Stock Option (Right to Buy), expires 2032-12-29
Higher-price option
1,000 underlying shares at $38.51
Stock Option (Right to Buy), expires 2027-12-27
Amendment scope
Underlying securities corrected to shares
Previously reported in dollars, now in shares
Key Terms
Stock Option (Right to Buy), Grant, award, or other acquisition, Revocable Trust, Equity and Incentive Awards Plan, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" with underlying Common Stock"
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition" for Common Stock"
Revocable Trust financial
"By the Timothy and Janis Hoeksema Revocable Trust U/A Dated 01/04/2010."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Equity and Incentive Awards Plan financial
"Granted pursuant to The Marcus Corporation 2004 Equity and Incentive Awards Plan."
Form 4/A regulatory
"Insider filing data indicates this is a Form 4/A amendment."
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
FAQ
What insider transaction did Marcus Corp (MCS) report for Timothy E. Hoeksema?
Marcus Corp reported that director Timothy E. Hoeksema received a grant of 1,391 shares of Common Stock at $17.97 per share. The grant was provided as consideration for his service as a director, increasing his directly held Common Stock position to 50,556 shares.
What stock options for Marcus Corp (MCS) does Timothy Hoeksema retain?
The filing lists several remaining stock option awards, including 1,455 underlying shares at a $14.69 exercise price expiring in 2033 and 1,438 underlying shares at $14.25 expiring in 2032. Additional option grants cover 750–1,000 shares each at higher exercise prices with expirations through 2029.
Why was this Marcus Corp (MCS) Form 4/A filed as an amendment?
The Form 4/A was filed to amend prior reporting and correct how underlying securities were shown. The footnotes state the amendment is solely to correct previously reported underlying securities that had been reported in dollars and are now properly reported as shares.
How are Timothy Hoeksema’s indirect Marcus Corp (MCS) holdings structured?
Indirect holdings are reported as 15,002 Common shares held by the Timothy and Janis Hoeksema Revocable Trust. A footnote identifies the trust as the owner, indicating that these shares are held through this revocable trust arrangement rather than as directly registered shares.
Under which plan was the Marcus Corp (MCS) equity grant to Timothy Hoeksema made?
A footnote explains that the equity grant was made pursuant to The Marcus Corporation 2004 Equity and Incentive Awards Plan. This plan provides for equity-based compensation, such as stock and option awards, which in this case includes the 1,391-share director grant reported.