Marcus Corp director receives 1,391-share equity award

Marcus Corp director Philip L. Milstein reported an amended Form 4 showing an equity award and updated holdings.

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Form Type

4/A

Rhea-AI Filing Summary

Marcus Corp director Philip L. Milstein reported an amended Form 4 showing an equity award and updated holdings. On 2026-05-21, he received a grant of 1,391 shares of common stock at $17.97 per share as consideration for service as a director under The Marcus Corporation 2004 Equity and Incentive Awards Plan, bringing his directly held common stock to 79,149 shares. The filing also lists multiple indirect holdings in common stock in his capacity as trustee for the PLM Foundation, for which he disclaims any beneficial interest, and details outstanding stock options with exercise prices between $14.25 and $38.51 expiring between 2026-12-29 and 2033-12-28. The amendment states it was filed solely to correct previously reported underlying securities that were reported in dollars instead of shares.

Insider Trade Summary

Grant/Award: 1,391 shares

Grant/Award 12 txns

Insider MILSTEIN PHILIP L

Role Director

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	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 79,149 shares (Direct); Stock Option (Right to Buy) — 7,643 contracts (Direct); Common Stock — 144,455 shares (Indirect, As trustee for PLM Foundation)

Footnotes (4)

F1. Granted by Issuer in consideration of service as a director.
F2. The undersigned disclaims any beneficial interest in shares owned by his wife, children, held by him as trustee for PLM Foundation, or held by him as co-trustee for SVM Foundation.
F3. Granted pursuant to The Marcus Corporation 2004 Equity and Incentive Awards Plan.
F4. Amending solely to correct previously reported Underlying Securities reported in dollars to be reported in shares.

Key Figures

Director share grant: 1,391 shares Grant price: $17.97 per share Direct common shares after grant: 79,149 shares +5 more

8 metrics

Director share grant 1,391 shares Common Stock grant on May 21, 2026 for director service

Grant price $17.97 per share Price used for 1,391-share common stock award

Direct common shares after grant 79,149 shares Total Marcus Corp common stock directly held after award

Stock option at $14.69 1,455 underlying shares Option exercisable at $14.69, expiring Dec 28, 2033

Stock option at $14.25 1,438 underlying shares Option exercisable at $14.25, expiring Dec 29, 2032

Stock option at $17.95 750 underlying shares Option exercisable at $17.95, expiring Dec 30, 2031

Stock option at $32.60 1,000 underlying shares Option exercisable at $32.60, expiring Dec 26, 2029

Stock option at $38.51 1,000 underlying shares Option exercisable at $38.51, expiring Dec 27, 2027

Key Terms

Stock Option (Right to Buy), beneficial interest, Equity and Incentive Awards Plan, trustee, +1 more

5 terms

Stock Option (Right to Buy) financial

"security_title: "Stock Option (Right to Buy)" with underlying common stock shares"

beneficial interest financial

"The undersigned disclaims any beneficial interest in shares owned by his wife, children..."

Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.

Equity and Incentive Awards Plan financial

"Granted pursuant to The Marcus Corporation 2004 Equity and Incentive Awards Plan."

trustee financial

"As trustee for PLM Foundation"

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

underlying securities financial

"Amending solely to correct previously reported Underlying Securities reported in dollars..."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Philip L. Milstein report at Marcus Corp (MCS)?

Philip L. Milstein reported receiving a grant of 1,391 Marcus Corp common shares as director compensation. The award was priced at $17.97 per share and increased his directly held common stock position to 79,149 shares following the transaction.

Why was this Marcus Corp (MCS) Form 4/A filing amended?

The Form 4/A was filed to amend a prior report solely to correct previously reported underlying securities. Earlier figures had been reported in dollars instead of shares, and this amendment restates those underlying securities accurately as share amounts.

How many Marcus Corp (MCS) shares does Philip L. Milstein hold directly after this filing?

After the reported grant, Philip L. Milstein holds 79,149 Marcus Corp common shares directly. This total reflects the addition of 1,391 shares granted as director compensation, as disclosed in the amended Form 4 filing dated May 21, 2026.

What indirect Marcus Corp (MCS) holdings are associated with Philip L. Milstein?

The filing lists several indirect holdings of Marcus Corp common stock held by Philip L. Milstein as trustee for the PLM Foundation. He disclaims any beneficial interest in these shares, as they are associated with his trustee and family-related capacities.

What stock options does Philip L. Milstein hold in Marcus Corp (MCS)?

He holds multiple stock options to buy Marcus Corp common stock with exercise prices ranging from $14.25 to $38.51. These options cover underlying share amounts of 750 to 1,455 shares each and expire between December 2026 and December 2033.

How was the director equity grant for Marcus Corp (MCS) structured?

The director equity grant consisted of 1,391 Marcus Corp common shares valued at $17.97 per share. It was granted by the company in consideration of Milstein’s service as a director under The Marcus Corporation 2004 Equity and Incentive Awards Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/27/2026 - 05:03 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MILSTEIN PHILIP L

(Last)

(First)

(Middle)

OGDEN CAP PROPERTIES, LLC

545 MADISON AVENUE, 6TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MARCUS CORP [ MCS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
05/26/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/21/2026		A⁽¹⁾		1,391	A	$17.97	79,149	D
Common Stock								10,244	I	As trustee for PLM Foundation⁽²⁾
Common Stock								124,111	I	As trustee for PLM Foundation⁽²⁾
Common Stock								8,100	I	As trustee for PLM Foundation⁽²⁾
Common Stock								2,000	I	As trustee for PLM Foundation⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)⁽³⁾	$31.55							12/29/2016	12/29/2026	Common Stock	1,000		1,000	D
Stock Option (Right to Buy)⁽³⁾	$27.2							12/28/2017	12/28/2027	Common Stock	1,000		1,000	D
Stock Option (Right to Buy)⁽³⁾	$38.51							12/27/2018	12/27/2027	Common Stock	1,000		1,000	D
Stock Option (Right to Buy)⁽³⁾	$32.6							12/26/2019	12/26/2029	Common Stock	1,000		1,000	D
Stock Option (Right to Buy)⁽³⁾	$17.95							12/30/2021	12/30/2031	Common Stock	750		750	D
Stock Option (Right to Buy)⁽³⁾	$14.25							12/28/2022	12/29/2032	Common Stock	1,438⁽⁴⁾		1,438	D
Stock Option (Right to Buy)⁽³⁾	$14.69							12/28/2023	12/28/2033	Common Stock	1,455		1,455	D

Explanation of Responses:

1. Granted by Issuer in consideration of service as a director.

2. The undersigned disclaims any beneficial interest in shares owned by his wife, children, held by him as trustee for PLM Foundation, or held by him as co-trustee for SVM Foundation.

3. Granted pursuant to The Marcus Corporation 2004 Equity and Incentive Awards Plan.

4. Amending solely to correct previously reported Underlying Securities reported in dollars to be reported in shares.

	/s/ Steven R. Barth, Attorney-in-Fact for Philip L. Milstein	05/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR