Marcus Corp (NYSE: MCS) exec nets shares from major option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marcus Corp senior executive Thomas F. Kissinger exercised stock options and increased his direct shareholdings. On April 13, 2026, he exercised options for 42,450 shares of common stock at an exercise price of $15.99 per share, converting them into common shares.
As part of this net exercise, 38,511 shares of common stock were withheld to cover the option exercise price and related tax obligations at a reference price of $19.17 per share. Following these transactions, Kissinger directly owned 203,639 shares of Marcus common stock, plus a small indirect holding of 547 shares through a dividend reinvestment and associate stock purchase plan.
He also retained multiple outstanding stock option grants, including options covering 17,000 shares at an exercise price of $31.20 per share expiring in 2027 and options covering 50,000 shares at an exercise price of $17.04 per share expiring in 2032, along with several other grants expiring between 2028 and 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
42,450 shares exercised/converted
Mixed
10 txns
Insider
KISSINGER THOMAS F
Role
Sr Exec VP, Gen Counsel & Secy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) (granted 3/7/23) | 42,450 | $0.00 | -- |
| Exercise | Common Stock | 42,450 | $15.99 | $679K |
| Tax Withholding | Common Stock | 38,511 | $19.17 | $738K |
| holding | Stock Option (right to buy) (granted 2/28/17) | -- | -- | -- |
| holding | Stock Option (right to buy) (granted 2/27/18) | -- | -- | -- |
| holding | Stock Option (right to buy) (granted 2/26/19) | -- | -- | -- |
| holding | Stock Option (right to buy) (granted 2/25/20) | -- | -- | -- |
| holding | Stock Option (right to buy) (granted 3/9/21) | -- | -- | -- |
| holding | Stock Option (right to buy) (granted 3/8/22) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) (granted 3/7/23) — 14,150 shares (Direct);
Common Stock — 242,150 shares (Direct);
Stock Option (right to buy) (granted 2/28/17) — 17,000 shares (Direct);
Stock Option (right to buy) (granted 2/27/18) — 24,400 shares (Direct);
Stock Option (right to buy) (granted 2/26/19) — 23,400 shares (Direct);
Stock Option (right to buy) (granted 2/25/20) — 39,000 shares (Direct);
Stock Option (right to buy) (granted 3/9/21) — 47,100 shares (Direct);
Stock Option (right to buy) (granted 3/8/22) — 50,000 shares (Direct);
Common Stock — 547 shares (Indirect, By Plan)
Footnotes (1)
- Represents a net exercise of outstanding options. The reporting person received 56,600 shares of common stock on net exercise of option to purchase 42,450 shares of common stock. The Company withheld 38,511 shares of common stock underlying the option for payment of the exercise price and tax withholding, using the closing stock price on April 13, 2026 of $19.17, pursuant to the terms of The Marcus Corporation 2004 Equity and Incentive Awards Plan. By Dividend Reinvestment and Associate Stock Purchase Plan 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. 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: 42,450 shares
Exercise price: $15.99 per share
Shares withheld for exercise and taxes: 38,511 shares
+4 more
7 metrics
Options exercised
42,450 shares
Stock option exercise on April 13, 2026 at $15.99
Exercise price
$15.99 per share
Conversion of options into Marcus common stock
Shares withheld for exercise and taxes
38,511 shares
Withheld at $19.17 closing price on April 13, 2026
Direct common shares after transactions
203,639 shares
Post-transaction direct ownership
Indirect plan shares
547 shares
Held via Dividend Reinvestment and Associate Stock Purchase Plan
Option grant 2027 expiry
17,000 shares at $31.20
Stock option (granted 2/28/17) expiring February 28, 2027
Option grant 2032 expiry
50,000 shares at $17.04
Stock option (granted 3/8/22) expiring March 8, 2032
Key Terms
net exercise, Stock Option (right to buy), tax-withholding disposition, Dividend Reinvestment and Associate Stock Purchase Plan, +1 more
5 terms
net exercise financial
"Represents a net exercise of outstanding options."
Stock Option (right to buy) financial
"Stock Option (right to buy) (granted 3/7/23)"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Dividend Reinvestment and Associate Stock Purchase Plan financial
"By Dividend Reinvestment and Associate Stock Purchase Plan"
Equity and Incentive Awards Plan financial
"pursuant to the terms of The Marcus Corporation 2004 Equity and Incentive Awards Plan"
FAQ
What insider transactions did MCS executive Thomas F. Kissinger report?
Thomas F. Kissinger exercised stock options for 42,450 Marcus Corp (MCS) shares at $15.99 per share. The exercise converted derivative options into common stock, with a portion of the resulting shares withheld to cover the exercise price and related tax obligations.
How were taxes and exercise costs handled in the MCS insider option exercise?
In the net option exercise, 38,511 Marcus Corp shares were withheld to pay the exercise price and tax liabilities, using a closing stock price of $19.17. This approach settles obligations in shares rather than requiring separate cash payments by the executive.
What stock options does Thomas F. Kissinger retain in Marcus Corp (MCS)?
Kissinger retains several stock option grants on Marcus Corp shares, including 17,000 shares at a $31.20 exercise price expiring in 2027 and 50,000 shares at $17.04 expiring in 2032. Additional grants expiring between 2028 and 2031 provide further potential future share acquisitions.
Was the Form 4 transaction by the MCS executive an open-market sale?
No, the filing shows an option exercise and tax withholding, not an open-market sale. The F-coded transaction represents 38,511 shares withheld to cover the exercise price and taxes, while the M-coded entries reflect converting options into common stock rather than selling shares in the market.