Marcus Corp Hotels President Holds $2.5M in Stock and Options
This Form 3/A is an amended initial statement of beneficial ownership for Michael Reade Evans, who serves as President of Marcus Hotels & Resorts at The Marcus Corporation (NYSE: MCS).
Rhea-AI Filing Summary
This Form 3/A is an amended initial statement of beneficial ownership for Michael Reade Evans, who serves as President of Marcus Hotels & Resorts at The Marcus Corporation (NYSE: MCS). The amendment was filed on June 28, 2025, updating the original Form 3 from August 14, 2023.
Key holdings include:
- Direct Common Stock: 11,534 shares total through various restricted stock grants vesting between 2020-2023
- Indirect Holdings: 936.8786 shares through 401(k) Plan (newly reported in this amendment)
- Stock Options: Total of 147,623 shares underlying options with exercise prices ranging from $12.71 to $31.11 and expiration dates from 2030 to 2033
The restricted stock grants follow a consistent vesting schedule: 50% after 2 years and 100% after 4 years from grant date. Stock options vest similarly: 50% after 2 years, 75% after 3 years, and 100% after 4 years.
Positive
- None.
Negative
- None.
Insider Trade Summary
| 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 | -- | -- | -- |
Footnotes (6)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. Balance reflects the most current data available with regard to the reporting person's holdings in the 401(k) Plan. This amount was not previously reported on the Form 3 filed on August 14, 2023.
- F6. 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
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Who is Michael Reade Evans at MCS (Marcus Corporation) and what position does he hold?
What is the vesting schedule for MCS restricted stock granted to Michael Evans?
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