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Marcus Hotels President Adjusts Portfolio While Maintaining Significant Stake

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Michael Reade Evans, President of Marcus Hotels & Resorts at The Marcus Corporation (NYSE: MCS), reported significant securities transactions on June 5, 2025. Evans disposed of 934.7367 shares of common stock at $8.2592 per share from his 401(k) Plan, reducing his indirect holdings to zero while maintaining 50,342 shares held directly.

The filing also reveals Evans' substantial options portfolio consisting of:

  • 147,623 total stock options with various strike prices ranging from $12.71 to $31.11
  • Exercise dates spanning from January 2030 to March 2033
  • Vesting schedule: 50% after 2 years, 75% after 3 years, and 100% after 4 years from grant date

This Form 4 filing indicates a partial divestment of Evans' indirect holdings while maintaining significant direct equity ownership and long-term incentive compensation through stock options, suggesting continued alignment with shareholder interests.

Positive

  • None.

Negative

  • President of Marcus Hotels & Resorts sold all 934.74 shares held in 401(k) plan at $8.26 per share, indicating potential lack of confidence in near-term stock performance
Insider Evans Michael Reade
Role Pres., Marcus Hotels & Resorts
Sold 934.737 shs ($8K)
Type Security Shares Price Value
Sale Common Stock 934.737 $8.2592 $8K
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 -- -- --
Holdings After Transaction: Common Stock — 0 shares (Indirect, By 401(k) Plan); Stock Option (Right to Buy) — 32,506 shares (Direct); Common Stock — 50,342 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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 E KILBOURN AVENUE, SUITE 1200
(Street)
MILWAUKEE WI 53202-4125
(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)
06/05/2025
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 06/05/2025 S 934.7367 D $8.2592 0 I By 401(k) Plan
Common Stock 50,342 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 (1) 01/08/2030 Common Stock 32,506 32,506 D
Stock Option (Right to Buy) $28.88 (1) 02/25/2030 Common Stock 7,117 7,117 D
Stock Option (Right to Buy) $12.71 (1) 05/08/2030 Common Stock 20,000 20,000 D
Stock Option (Right to Buy) $21.84 (1) 03/09/2031 Common Stock 23,000 23,000 D
Stock Option (Right to Buy) $17.04 (1) 03/08/2032 Common Stock 30,000 30,000 D
Stock Option (Right to Buy) $15.99 (1) 03/07/2033 Common Stock 35,000 35,000 D
Explanation of Responses:
1. 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 06/24/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Michael Reade Evans of MCS complete on June 5, 2025?

Michael Reade Evans, President of Marcus Hotels & Resorts, sold 934.7367 shares of MCS common stock at a price of $8.2592 per share through his 401(k) Plan. After this transaction, he continues to directly own 50,342 shares of common stock.

How many stock options does Michael Evans hold in MCS as of June 2025?

Michael Evans holds a total of 147,623 stock options in MCS with various exercise prices ranging from $12.71 to $31.11 and expiration dates between January 2030 and March 2033. This includes six different option grants: 32,506 shares at $31.11, 7,117 at $28.88, 20,000 at $12.71, 23,000 at $21.84, 30,000 at $17.04, and 35,000 at $15.99.

What is the vesting schedule for MCS stock options granted to Michael Evans?

According to the filing, the stock options vest as follows: 50% after the 2nd anniversary of the grant date, 75% after the 3rd anniversary, and 100% after 4 years.

What is Michael Evans' current position at Marcus Corporation (MCS)?

Michael Reade Evans serves as President of Marcus Hotels & Resorts, as indicated in the Form 4 filing where his role is listed under the relationship to issuer section.

What is the total direct stock ownership of Michael Evans in MCS after the reported transaction?

Following the reported transaction, Michael Evans directly owns 50,342 shares of MCS common stock, in addition to his various stock options holdings.