21,580-share restricted stock grant to Marcus Corp (MCS) hotels president
Rhea-AI Filing Summary
Evans Michael Reade reported acquisition or exercise transactions in this Form 4 filing.
The Marcus Corporation president receives new stock award
Michael Reade Evans, President of Marcus Hotels & Resorts, was granted 21,580 shares of The Marcus Corporation common stock on February 11, 2026 as a restricted stock award at a stated price of $0 per share. Following this award, he directly holds 60,061 common shares.
The restricted stock vests over time, with 50% vesting after the second anniversary of the grant date and 100% after the third anniversary. The filing also clarifies a prior clerical error that had understated his previously reported share ownership. Several existing stock option grants are listed as continuing direct holdings.
Positive
- None.
Negative
- None.
Insights
Routine restricted stock grant to business unit president, with clarified prior ownership.
Michael Reade Evans, President of Marcus Hotels & Resorts, received a grant of 21,580 restricted shares in The Marcus Corporation on February 11, 2026. The award carries a stated grant price of $0 per share, typical for equity compensation rather than an open-market purchase.
The vesting schedule is time-based: 50% after the second anniversary of the grant date and 100% after the third. This structure encourages executive retention and alignment with shareholders over several years. The filing also corrects a prior Form 4, increasing his previously reported holdings due to a clerical error.
Existing stock option positions are summarized with exercise prices ranging from $12.71 to $31.11 and expirations from 2030 to 2033, all reported as directly owned. These holdings collectively illustrate the long-term, equity-heavy nature of his compensation, but do not by themselves signal a change in corporate outlook.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,580 | $0.00 | -- |
| 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) | -- | -- | -- |
Footnotes (1)
- Restricted stock granted February 11, 2026 vests and becomes exercisable as follows: 50% after 2nd anniversary of date of grant and 100% after 3rd anniversary of date of grant. Due to clerical error, Mr. Evans previous Form 4 filed June 24, 2025, incorrectly listed him as owning 50,342 shares instead of 59,968. 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.
