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.

Insights

Equity compensation analyst

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Evans Michael Reade

(Last) (First) (Middle)

THE MARCUS CORPORATION

111 EAST KILBOURN AVENUE, SUITE 1200

(Street)

MILWAUKEE WI MILWAUKEE

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MARCUS CORP [ MCS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres., Marcus Hotels & Resorts

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/11/2026		A(1)		21,580	A	$0	60,061(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$31.11							(3)	01/08/2030	Common Stock	32,506		32,506	D
Stock Option (Right to Buy)	$28.88							(3)	02/25/2030	Common Stock	7,117		7,117	D
Stock Option (Right to Buy)	$12.71							(3)	05/08/2030	Common Stock	20,000		20,000	D
Stock Option (Right to Buy)	$21.84							(3)	03/09/2031	Common Stock	23,000		23,000	D
Stock Option (Right to Buy)	$17.04							(3)	03/08/2032	Common Stock	30,000		30,000	D
Stock Option (Right to Buy)	$15.99							(3)	03/07/2033	Common Stock	35,000		35,000	D

Explanation of Responses:

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.

2. 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.

3. 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.

	/s/ Steven R. Barth, Attorney-in-Fact for Michael Reade Evans	02/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did The Marcus Corporation (MCS) report for Michael Reade Evans?

The company reported a grant of 21,580 restricted shares of common stock to Michael Reade Evans on February 11, 2026. This equity award increases his direct holdings and is part of his compensation rather than an open-market stock purchase.

How many The Marcus Corporation (MCS) shares does Michael Reade Evans own after this Form 4?

After the reported transaction, Michael Reade Evans directly owns 60,061 shares of The Marcus Corporation common stock. This figure reflects the new restricted stock grant and also corrects a prior clerical error in earlier ownership reporting.

What are the vesting terms of Michael Reade Evans’s 2026 restricted stock grant at The Marcus Corporation (MCS)?

The 21,580 restricted shares granted on February 11, 2026 vest over three years. According to the filing, 50% of the award vests after the second anniversary of the grant date and 100% vests after the third anniversary, encouraging multi-year retention.

Did Michael Reade Evans buy or sell The Marcus Corporation (MCS) stock in the market?

The filing describes a restricted stock grant with a stated price of $0 per share, not an open-market trade. The transaction is coded as an acquisition related to compensation, so it reflects an award from the company rather than a market purchase or sale.

What correction did this Form 4 make to Michael Reade Evans’s prior reported MCS share holdings?

The Form 4 notes a clerical error in a June 24, 2025 filing, which had listed ownership as 50,342 shares. The correction states he actually owned 59,968 shares, increasing the previously disclosed figure without indicating any new transaction for that difference.

What stock options in The Marcus Corporation (MCS) does Michael Reade Evans hold according to this filing?

He holds several stock options to buy common shares with exercise prices between $12.71 and $31.11, expiring from 2030 through 2033. The filing lists direct holdings of 32,506, 7,117, 20,000, 23,000, 30,000, and 35,000 option-based share equivalents.