Diane M. Gershowitz, a director and >10% owner of Marcus Corporation (MCS), reported multiple transactions on 09/15/2025. The filing shows an exchange of 5,846 Class B shares into 5,846 Common Stock shares at $0, and a reported disposition of 8,000 Common Stock shares, leaving her direct beneficial ownership at 34,045 shares. The report also lists substantial indirect holdings: 175,617.223 Common Stock shares held indirectly by DG-LDJ Holdings, LLC, trustee and trust holdings of 131,506 and 50,845 shares respectively, and a total of 1,915,592 Common Stock shares beneficially owned indirectly after conversion.
The filing records multiple outstanding stock options with exercise prices and expiration dates, and notes that Class B shares convert 1-for-1 into Common Stock and carry 10 votes per share. All figures are taken directly from the Form 4 without inference.
The filing discloses that Orbis Investment Management Limited and Allan Gray Australia Pty Ltd beneficially own a combined 1,375,121 shares of Marcus Corp, representing 5.7% of the outstanding common stock. Orbis holds 1,359,019 shares and Allan Gray holds 16,102, with each reporting sole voting and sole dispositive power over their respective holdings.
Both reporting persons are classified as non-U.S. institutions equivalent to investment advisers and state the securities are held in the ordinary course of business and not for the purpose of changing or influencing control. Each reporting person disclaims beneficial ownership of the other’s shares.
This Form 3/A is an amended initial statement of beneficial ownership for Mark A. Gramz, President of Marcus Theatres Corporation, filed for The Marcus Corporation (NYSE: MCS). The amendment, dated June 25, 2025, updates the original filing from August 14, 2023.
Key beneficial ownership details:
- Direct Common Stock Holdings: 1,271 shares directly owned, plus 6,700 restricted shares granted March 1, 2023 with staged vesting
- Indirect Holdings: 4,944.63 shares through 401(k) Plan (newly reported in this amendment)
- Stock Options: Multiple tranches totaling 57,190 shares with exercise prices ranging from $12.71 to $41.90 and expiration dates from 2024 to 2033
The filing includes detailed vesting schedules for restricted stock (50% after 2 years, 100% after 4 years) and stock options (varying between 4-5 year vesting periods with different percentage milestones).
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.
This Form 3/A is an amended initial statement of beneficial ownership for Mark A. Gramz, President of Marcus Theatres Corporation, filed on June 28, 2025, amending the original filing from August 14, 2023.
Key holdings include:
- Direct ownership: 1,271 common shares, plus 6,700 restricted shares subject to vesting conditions
- Indirect ownership: 4,944.63 shares through 401(k) Plan
- Stock Options: Multiple tranches totaling 57,190 shares with exercise prices ranging from $12.71 to $41.90 and expiration dates from 2024 to 2033
The restricted stock granted March 1, 2023, vests 50% after 2 years and 100% after 4 years. Stock options follow two vesting schedules: older grants vest over 5 years (40%-60%-80%-100%), while newer grants vest over 4 years (50%-75%-100%). This amendment notably includes previously unreported 401(k) Plan holdings.
Michael Reade Evans, President of Marcus Hotels & Resorts at The Marcus Corporation (NYSE: MCS), reported significant securities transactions on June 5, 2025. Evans disposed of 934.7367 shares of common stock at $8.2592 per share from his 401(k) Plan, reducing his indirect holdings to zero while maintaining 50,342 shares held directly.
The filing also reveals Evans' substantial options portfolio consisting of:
- 147,623 total stock options with various strike prices ranging from $12.71 to $31.11
- Exercise dates spanning from January 2030 to March 2033
- Vesting schedule: 50% after 2 years, 75% after 3 years, and 100% after 4 years from grant date
This Form 4 filing indicates a partial divestment of Evans' indirect holdings while maintaining significant direct equity ownership and long-term incentive compensation through stock options, suggesting continued alignment with shareholder interests.