The Marcus Corporation (NYSE: MCS) director reports 4,174-share grant

Rhea-AI Filing Summary

The Marcus Corporation director Paul Adam Leff reported receiving a grant of 4,174 shares of common stock as of December 31, 2025. The filing shows these were acquired at a stated price of $0, consistent with a restricted stock award rather than an open-market purchase, bringing his beneficial ownership to 5,308 common shares held directly after the transaction.

The restricted stock granted on December 31, 2025 vests over time, with 50% vesting after the second anniversary of the grant date and 100% vesting after the fourth anniversary. This structure is typical of long-term incentive compensation designed to align a director’s interests with the company’s longer-term performance.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Leff Paul Adam

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,174	$0.00	--

Holdings After Transaction: Common Stock — 5,308 shares (Direct)

Footnotes (1)

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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
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^*

Leff Paul Adam

(Last) (First) (Middle)

THE MARCUS CORPORATION

111 EAST KILBOURN AVENUE, SUITE 1200

(Street)

MILWAUKEE WI 53202

(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	5,308	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

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.

	/s/ Steven R. Barth, Attorney-in-Fact for Paul Adam Leff	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.
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.

FAQ

What insider transaction did Marcus Corp (MCS) report in this Form 4?

A director, Paul Adam Leff, reported acquiring 4,174 shares of Marcus Corporation common stock as of December 31, 2025, through a restricted stock grant.

What is the total Marcus Corp (MCS) stock beneficially owned after this transaction?

After the reported transaction, the director beneficially owns 5,308 shares of Marcus Corporation common stock, held in a direct ownership form.

At what price were the Marcus Corp (MCS) shares acquired in this Form 4?

The 4,174 Marcus Corporation shares were acquired at a reported price of $0, indicating they were received as a restricted stock grant rather than bought in the market.

How does the restricted stock granted by Marcus Corp (MCS) vest over time?

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

What is the reporting person’s relationship to Marcus Corp (MCS)?

The reporting person in this Form 4 is identified as a Director of The Marcus Corporation.

Is the Marcus Corp (MCS) Form 4 filed for one or multiple reporting persons?

The document indicates that the Form 4 is filed by one reporting person, not a group filing.