Share Based Compensation

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Share-Based Compensation

During the three months ended March 31, 2025, the Company granted restricted stock, restricted stock units (RSUs) and performance stock units (PSUs) to certain executives and associates. A summary of the Company’s stock option, restricted stock, RSU and PSU activity follows, with PSUs reflected at the target achievement percentage until the completion of the performance period (shares in thousands).


	Stock Options			Restricted Stock & RSUs			PSUs
	Options	Weighted-Average Exercise Price		Shares / Units	Weighted-Average Fair Value		Units	Weighted-Average Fair Value
December 26, 2024	2,884	$	23.22	714	$	15.49	139	$	14.84
Granted (1)	—	—		166	21.86		101	21.86
Exercised (2)	(1)	15.57		—	—		—	—
Vested (3)	—	—		(74)	16.89		—	—
Forfeited	(13)	23.10		(1)	14.84		(1)	14.84
March 31, 2025	2,870	$	23.22	805	$	16.68	239	$	17.79

(1)135,038 awards were granted under the new Marcus Corporation Omnibus Incentive Plan that is subject to approval by the holders of Common Shares at the 2025 annual meeting of shareholders on May 7, 2025.

(2)Exercise activity only applicable to stock options.

(3)Vesting activity not applicable to stock options.

Share-based compensation expense was $3,545 and $2,514 during the three months ended March 31, 2025 and March 28, 2024, respectively. As of March 31, 2025, total unrecognized share-based compensation expense related to stock options was $1,226, which will be amortized to expense over the weighted-average remaining life of 1.7 years. As of March 31, 2025, total unrecognized share-based compensation expense related to non-vested restricted stock, RSUs and PSUs was $9,066, which will be amortized over the weighted-average remaining service period of 2.6 years.

At March 31, 2025, there were 40,675 shares available for grants of various equity awards under the current plan.