Marcus Corp Executive Exits 401(k) Position While Retaining 35,000+ Direct Shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mark A. Gramz, President of Marcus Theatres Corp, has reported significant insider trading activity at The Marcus Corporation (NYSE: MCS). On May 15, 2025, Gramz disposed of 5,138.89 shares at an average price of $8.33 per share through his 401(k) Plan.
Following the transaction, Gramz maintains 35,761 shares in direct ownership. Additionally, he holds substantial stock options representing the right to purchase Marcus Corp common stock:
- A total of 57,190 stock options with exercise prices ranging from $12.71 to $41.90
- Expiration dates spanning from July 2024 through March 2033
- Various vesting schedules: older grants vest over 5 years (40%-60%-80%-100%), newer grants vest over 4 years (50%-75%-100%)
This transaction represents a complete liquidation of Gramz's indirect holdings through the 401(k) Plan, while maintaining significant direct equity and option positions in the company.
Positive
- None.
Negative
- President of Marcus Theatres Corp sold entire 401(k) position of 5,138 shares at $8.33 per share, indicating potential lack of confidence in company's near-term prospects
Insider Trade Summary
Net Seller: 5,138.894 shares ($42,805)
Net Sell
13 txns
Insider
Gramz Mark A
Role
Pres., Marcus Theatres Corp*
Sold
5,138.894 shs ($43K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,138.894 | $8.3297 | $43K |
| 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 | 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 — 0 shares (Indirect, By 401(k) Plan);
Stock Option (Right to Buy) — 700 shares (Direct);
Common Stock — 35,761 shares (Direct)
Footnotes (1)
- The options originally granted vest as follows: 40% after 2nd anniversary of the date of grant; 60% after 3rd anniversary; 80% after 4th anniversary; and 100% after 5 years. The options originally granted vest as follows: 50% after 2nd anniversary of the date of grant; 75% after 3rd anniversary; and 100% after 4 years.
FAQ
What is Mark Gramz's current position at Marcus Corporation (MCS)?
Mark Gramz serves as the President of Marcus Theatres Corporation, a division of The Marcus Corporation (MCS), as indicated in the Form 4 filing.
How many stock options does Mark Gramz hold in MCS?
Mark Gramz holds a total of 57,190 stock options in MCS with various exercise prices ranging from $12.71 to $41.90 and expiration dates from July 2024 through March 2033.
What is the vesting schedule for Mark Gramz's recent MCS stock options?
For recent grants (noted as explanation 2), the options vest as follows: 50% after the 2nd anniversary of the grant date, 75% after the 3rd anniversary, and 100% after 4 years.