Marcus Corp (NYSE: MCS) officer updates Form 3 share holdings
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
The Marcus Corporation officer Michael Reade Evans, President of Marcus Hotels & Resorts, filed an amended initial ownership report to correct the number of shares he beneficially owns. He reports direct holdings of multiple blocks of common stock, including 167.278 shares and several restricted stock awards granted between February 2020 and March 2023 that vest 50% after two years and fully after four years. He also holds 936.8786 common shares indirectly through a 401(k) plan.
Evans lists several stock options to buy common shares, such as 32,506 shares at $31.11 per share expiring on 01/08/2030, and additional grants including 35,000 options at $15.99 per share expiring on 03/07/2033. The filing states it is being amended specifically to correct his beneficially owned share count.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Evans Michael Reade
Role
Pres., Marcus Hotels & Resorts
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| 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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 32,506 shares (Direct);
Common Stock — 167.278 shares (Direct);
Common Stock — 936.879 shares (Indirect, By 401K Plan)
Footnotes (1)
- Amending to correct the number of shares beneficially owned. Restricted stock granted February 19, 2020 vests as follows: 50% after 2nd anniversary of date of grant and 100% after 4th anniversary of date of grant. Restricted stock granted February 25, 2021 vests as follows: 50% after 2nd anniversary of date of grant and 100% after 4th anniversary of date of grant. Restricted stock granted February 23, 2022 vests as follows: 50% after 2nd anniversary of date of grant and 100% after 4th anniversary of date of grant. Restricted stock granted March 1, 2023 vests as follows: 50% after 2nd anniversary of date of grant and 100% after 4th anniversary of date of grant. 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 does the Marcus Corp (MCS) Form 3/A filing report for Michael Reade Evans?
The Form 3/A reports Michael Reade Evans’ corrected beneficial ownership in Marcus Corp common stock, restricted stock, stock options, and 401(k) shares. It updates his initial ownership disclosure as an officer, ensuring the recorded number of shares and grants is accurate.
Why was Michael Reade Evans’ Marcus Corp (MCS) ownership statement amended?
The statement was amended to correct the number of Marcus Corp shares beneficially owned by Michael Reade Evans. The explanation section explicitly notes the filing is “amending to correct the number of shares beneficially owned,” refining previously reported ownership information.
What common stock does Michael Reade Evans hold in Marcus Corp (MCS)?
Michael Reade Evans holds several direct blocks of Marcus Corp common stock, including 167.278 shares and multiple restricted stock awards. He also has 936.8786 shares held indirectly through a 401(k) plan, reflecting both current share ownership and tax-advantaged retirement holdings.
What stock options does Michael Reade Evans report in Marcus Corp (MCS)?
He reports multiple stock option grants to buy Marcus Corp common stock, including 32,506 shares at $31.11 expiring 01/08/2030 and 35,000 shares at $15.99 expiring 03/07/2033. These options vest 50% after two years, 75% after three years, and fully after four years.
What is Michael Reade Evans’ role at Marcus Corp (MCS) in this filing?
In this filing, Michael Reade Evans is identified as an officer of Marcus Corp, serving as President of Marcus Hotels & Resorts. The amended ownership report reflects his equity-based compensation and investment position tied to this leadership role within the company.