New Marcus Hotels Chief Receives Major Equity Package to Drive Growth
Filing Impact
Filing Sentiment
Form Type
3/A
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
11 transactions reported
Mixed
11 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 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 32,506 shares (Direct);
Common Stock — 1,334 shares (Direct);
Common Stock — 936.879 shares (Indirect, By 401K Plan)
Footnotes (1)
- 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. 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. 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
Who is Michael Reade Evans at MCS (Marcus Corporation) and what position does he hold?
Michael Reade Evans serves as the President of Marcus Hotels & Resorts at The Marcus Corporation (MCS). This information is disclosed in the Form 3/A filing where he is listed as an Officer of the company.
What is the vesting schedule for MCS restricted stock granted to Michael Evans?
All restricted stock grants to Michael Evans follow the same vesting schedule: 50% of the shares vest after the 2nd anniversary of the grant date, and 100% vest after the 4th anniversary of the grant date. This applies to all his restricted stock grants from 2020 through 2023.