Marcus Corp (NYSE: MCS) director reports new restricted stock grant

Rhea-AI Filing Summary

Marcus Corp director Katherine M. Gehl reported an equity award in the company’s common stock. On 12/31/2025, she acquired 4,174 shares of restricted stock at a stated price of $0, increasing the indirect holdings of the Katherine M. Gehl 2005 Trust to 17,081 shares. She also holds 22,034 shares directly.

The restricted stock granted on 12/31/2025 vests over time, with 50% vesting after the second anniversary of the grant date and 100% after the fourth anniversary. In addition, she beneficially owns several stock options to buy Marcus Corp common stock, with exercise prices ranging from $14.25 to $38.51 and expiration dates between 12/29/2026 and 12/28/2033, all held directly.

Insider Trade Summary

9 transactions reported

Mixed 9 txns

Insider Gehl Katherine M.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,174	$0.00	--
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 — 17,081 shares (Indirect, By Katherine M. Gehl 2005 Trust); Stock Option (Right to Buy) — 1,000 shares (Direct); Common Stock — 22,034 shares (Direct)

Footnotes (1)

1. Restricted stock granted December 31, 2025 vests and becomes exercisable as follows: 50% after 2nd anniversary of date of grant and 100% after 4th anniversary of date of grant. Granted pursuant to The Marcus Corporation 2004 Equity and Incentive Awards Plan.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Gehl Katherine M.

(Last) (First) (Middle)

C/O GEHL FOODS

N116 W15970 MAIN STREET

(Street)

GERMANTOWN WI 53202-4125

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/31/2025		A(1)		4,174	A	$0	17,081	I	By Katherine M. Gehl 2005 Trust
Common Stock								22,034	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)(2)	$31.55							12/29/2016	12/29/2026	Common Stock	1,000		1,000	D
Stock Option (Right to Buy)(2)	$27.2							12/28/2017	12/28/2027	Common Stock	1,000		1,000	D
Stock Option (Right to Buy)(2)	$38.51							12/27/2018	12/27/2028	Common Stock	1,000		1,000	D
Stock Option (Right to Buy)(2)	$32.6							12/26/2019	12/26/2029	Common Stock	1,000		1,000	D
Stock Option (Right to Buy)(2)	$17.95							12/30/2021	12/30/2031	Common Stock	750		750	D
Stock Option (Right to Buy)(2)	$14.25							12/29/2022	12/29/2032	Common Stock	1,438		1,438	D
Stock Option (Right to Buy)(2)	$14.69							12/28/2023	12/28/2033	Common Stock	1,455		1,455	D

Explanation of Responses:

1. Restricted stock granted December 31, 2025 vests and becomes exercisable as follows: 50% after 2nd anniversary of date of grant and 100% after 4th anniversary of date of grant.

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

	/s/ Steven R. Barth, Attorney-in-Fact for Katherine M. Gehl	01/05/2026
	** 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.
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FAQ

What insider transaction did Marcus Corp (MCS) report for Katherine M. Gehl?

Marcus Corp reported that director Katherine M. Gehl acquired 4,174 shares of restricted common stock on 12/31/2025 as an equity award priced at $0.

How many Marcus Corp (MCS) shares does Katherine M. Gehl beneficially own after this transaction?

After the reported transaction, the Katherine M. Gehl 2005 Trust holds 17,081 shares of Marcus Corp common stock indirectly, and she also beneficially owns 22,034 shares directly.

What are the vesting terms of the restricted stock granted to the Marcus Corp director?

The restricted stock granted on December 31, 2025 vests 50% after the second anniversary of the grant date and 100% after the fourth anniversary.

Are the Marcus Corp restricted shares granted to Katherine M. Gehl immediately exercisable or fully vested?

No. The 4,174 restricted shares granted on 12/31/2025 vest over time, with half vesting after two years and full vesting after four years from the grant date.

What stock options in Marcus Corp (MCS) does Katherine M. Gehl hold?

She holds several stock options (rights to buy) Marcus Corp common stock, including grants for 1,000 shares each at exercise prices such as $31.55, $27.20, $38.51, and $32.60, plus additional grants at $17.95, $14.25, and $14.69, with expiration dates from 12/29/2026 to 12/28/2033.

Under which plan were the Marcus Corp equity awards to Katherine M. Gehl granted?

The stock options were granted pursuant to The Marcus Corporation 2004 Equity and Incentive Awards Plan, as stated in the filing.