Marcus Corp exec exercises 50,000 stock options
Marcus Corp senior executive and general counsel Thomas F. Kissinger reported a compensation-related equity transaction.
Rhea-AI Filing Summary
Marcus Corp senior executive and general counsel Thomas F. Kissinger reported a compensation-related equity transaction. He exercised stock options to acquire 50,000 shares of common stock at an exercise price of $17.04 per share. The company withheld 41,723 shares, valued at the $23.37 closing price on June 25, 2026, to cover the option exercise price and related tax obligations, as permitted under the company’s 2004 Equity and Incentive Awards Plan.
Following these transactions, Kissinger directly owned 211,916 shares of common stock and held an additional 547 shares indirectly through a dividend reinvestment and associate stock purchase plan. He also retained multiple unexercised stock option awards with exercise prices between $15.99 and $41.90, expiring from 2027 through 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,000 shares exercised/converted
Exercise
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 3/8/22) | 50,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 50,000 | $17.04 | $852K |
| Exercise Price or Tax Liability | Common Stock | 41,723 | $23.37 | $975K |
| 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 3/7/23) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) (granted 3/8/22) — 0 contracts (Direct);
Common Stock — 211,916 shares (Direct);
Stock Option (right to buy) (granted 2/28/17) — 17,000 contracts (Direct);
Stock Option (right to buy) (granted 2/27/18) — 24,400 contracts (Direct);
Stock Option (right to buy) (granted 2/26/19) — 23,400 contracts (Direct);
Stock Option (right to buy) (granted 2/25/20) — 39,000 contracts (Direct);
Stock Option (right to buy) (granted 3/9/21) — 47,100 contracts (Direct);
Stock Option (right to buy) (granted 3/7/23) — 14,150 contracts (Direct);
Common Stock — 547 shares (Indirect, By Plan)
Footnotes (4)
- F1. Represents a net exercise of outstanding options. The reporting person received 50,000 shares of common stock on net exercise of option to purchase 50,000 shares of common stock. The Company withheld 41,723 shares of common stock underlying the option for payment of the exercise price and tax withholding, using the closing stock price on June 25, 2026 of $23.37, pursuant to the terms of The Marcus Corporation 2004 Equity and Incentive Awards Plan.
- F2. By Dividend Reinvestment and Associate Stock Purchase Plan
- F3. 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.
- F4. 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: 50,000 shares
Exercise price: $17.04/share
Shares withheld: 41,723 shares
+5 more
8 metrics
Options exercised
50,000 shares
Common stock acquired via option exercise at $17.04 on June 25, 2026
Exercise price
$17.04/share
Exercise price for 50,000 stock options granted 3/8/22
Shares withheld
41,723 shares
Withheld to cover exercise price and taxes at $23.37 closing price
Closing price used
$23.37/share
Common stock closing price on June 25, 2026 for withholding calculation
Direct common shares after
253,639 shares
Direct Marcus Corp common stock ownership following reported transactions
Indirect common shares
547 shares
Held by Dividend Reinvestment and Associate Stock Purchase Plan
Option grant 3/7/23
14,150 shares at $15.99
Unexercised stock options expiring March 7, 2033
Option grant 3/9/21
47,100 shares at $21.84
Unexercised stock options expiring March 9, 2031
Key Terms
net exercise, tax withholding, Stock Option (right to buy), Dividend Reinvestment and Associate Stock Purchase Plan, +1 more
5 terms
net exercise financial
"Represents a net exercise of outstanding options. The reporting person received 50,000 shares of common stock on net exercise of option"
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.
tax withholding financial
"The Company withheld 41,723 shares of common stock underlying the option for payment of the exercise price and tax withholding"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Stock Option (right to buy) financial
"Stock Option (right to buy) (granted 3/8/22)"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Marcus Corp (MCS) executive Thomas F. Kissinger report in this Form 4?
Thomas F. Kissinger reported exercising stock options for 50,000 Marcus Corp common shares. The company withheld 41,723 shares to cover the option exercise price and related taxes, resulting in a routine compensation-driven adjustment to his equity position.
What were the key prices used in Thomas F. Kissinger’s Marcus Corp option exercise?
The exercised stock options had an exercise price of $17.04 per Marcus Corp share. The company used the $23.37 closing stock price on June 25, 2026 to determine the 41,723 shares withheld for the option exercise cost and tax obligations.
What unexercised Marcus Corp stock options does Thomas F. Kissinger still hold?
Kissinger retained several unexercised Marcus Corp option grants, including awards with exercise prices of $15.99, $21.84, $28.88, $41.90, $27.00, and $31.20. These options cover underlying common shares and expire between 2027 and 2033, based on the derivative holdings table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
