Evans Michael Reade 4

What Happened

• Michael Reade Evans, President of Marcus Hotels & Resorts (a division of Marcus Corp, MCS), was granted 21,580 restricted shares on February 11, 2026. The shares were issued at $0.00 (a compensation award), so the immediate cash value shown on the Form 4 is $0.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13.
• Transaction type/code: A — grant/award (restricted stock).
• Shares acquired: 21,580 at $0.00 (non-cash compensation).
• Shares owned after transaction: approximately 81,548 beneficially owned (corrected prior ownership of 59,968 plus this 21,580 grant, per filing correction).
• Vesting (Footnote F1): 50% vests after the 2nd anniversary of the grant date; 100% vests after the 3rd anniversary.
• Filing correction (Footnote F2): a prior Form 4 (6/24/2025) misstated his ownership as 50,342 instead of the correct 59,968.
• Additional note (Footnote F3): previously granted options vest over a multi-year schedule (50% at year 2; 75% at year 3; 100% at year 4) — not part of this restricted stock grant.
• No tax-withholding or immediate sale (cashless exercise) was reported for this grant.

Context

• This filing records a compensation award (restricted stock), which is different from an open-market purchase or sale. Restricted shares typically vest over time and therefore reflect long-term compensation rather than an immediate market bet. The Form 4 was filed two days after the grant date, within the usual reporting window.