Marcus Corp director granted 1,391 shares

Marcus Corp director Philip L. Milstein reported an equity award and updated holdings in company securities.

Rhea-AI Filing Summary

Marcus Corp director Philip L. Milstein reported an equity award and updated holdings in company securities. He received a grant of 1,391 shares of Common Stock at $17.97 per share as compensation for service as a director, bringing his directly held Common Stock to 79,149 shares.

In addition, he reports several indirect Common Stock holdings as trustee for the PLM Foundation, while disclaiming beneficial interest in those shares and in shares owned by his wife, children, and the SVM Foundation. He also holds multiple vested stock options with exercise prices ranging from $14.69 to $38.51 per share and expirations through 2033, providing ongoing rights to acquire additional Marcus Corp stock.

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) — 6,205 contracts (Direct); Common Stock — 144,455 shares (Indirect, As trustee for PLM Foundation)

Footnotes (3)

1. F1. Granted by Issuer in consideration of service as a director.
2. 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.
3. F3. Granted pursuant to The Marcus Corporation 2004 Equity and Incentive Awards Plan.

Key Figures

Director stock award: 1,391 shares Award price: $17.97 per share Direct Common Stock holdings: 79,149 shares +5 more

8 metrics

Director stock award 1,391 shares Common Stock grant for director service at $17.97 per share

Award price $17.97 per share Grant of 1,391 Common Stock shares

Direct Common Stock holdings 79,149 shares Total Common Stock directly held after award

Option at $14.69 1,455 underlying shares Stock Option (Right to Buy), expiration 2033-12-28

Option at $17.95 750 underlying shares Stock Option (Right to Buy), expiration 2031-12-30

Option at $32.60 1,000 underlying shares Stock Option (Right to Buy), expiration 2029-12-26

Option at $38.51 1,000 underlying shares Stock Option (Right to Buy), expiration 2027-12-27

Option at $31.55 1,000 underlying shares Stock Option (Right to Buy), expiration 2026-12-29

Key Terms

Stock Option (Right to Buy), beneficial interest, trustee, 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"

beneficial interest financial

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

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.

trustee financial

"nature_of_ownership: "As trustee for PLM Foundation" describing indirect holdings"

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.

Equity and Incentive Awards Plan financial

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

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition" for the A-code transaction"

FAQ

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

What did Marcus Corp (MCS) director Philip L. Milstein report on this Form 4?

He reported an equity award and updated share and option holdings. The filing shows a new grant of 1,391 Marcus Corp Common Stock shares and several existing stock option positions with various exercise prices and expiration dates.

How many Marcus Corp (MCS) shares did Philip L. Milstein acquire in this filing?

He acquired 1,391 shares of Marcus Corp Common Stock. The award was granted in consideration of his service as a director, at a reported price of $17.97 per share under the company’s 2004 Equity and Incentive Awards Plan.

What are Philip L. Milstein’s direct Common Stock holdings in Marcus Corp (MCS) after the award?

After the reported grant, he directly holds 79,149 shares of Marcus Corp Common Stock. This figure reflects his position as of the transaction date and excludes various indirect holdings held in trust capacities described in the Form 4 footnotes.

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

He holds several stock options labeled “Stock Option (Right to Buy)” with exercise prices from $14.69 to $38.51 per share. These options cover underlying Common Stock and have expiration dates ranging from 2026 through 2033, indicating long-dated equity incentives.

How are Philip L. Milstein’s indirect Marcus Corp (MCS) holdings characterized?

Indirect holdings are reported as held by him as trustee for the PLM Foundation and co‑trustee for the SVM Foundation. A footnote states he disclaims any beneficial interest in shares owned by his wife, children, and those foundation-related holdings.

Under which plan was the Marcus Corp (MCS) share award to Philip L. Milstein granted?

The 1,391-share grant was made under The Marcus Corporation 2004 Equity and Incentive Awards Plan. A footnote specifies that the award was granted by the issuer in consideration of his service as a director, highlighting its compensation-related nature.

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

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Accepted by SEC EDGAR 05/26/2026 - 09:25 PM Learn about SEC filing dates

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 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)

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	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
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		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.

	/s/ Steven R. Barth, Attorney-in-Fact for Philip L. Milstein	05/26/2026
	** 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)