Form 4: Marcus Corp Executive Michael Reade Evans Reports Stock Transactions
SEC Form 4
Michael Reade Evans, a key executive at Marcus Corporation, reports the disposal of shares to cover tax obligations and holds a significant number of stock options.
Summary
- On February 25, 2025, Michael Reade Evans, President of Marcus Hotels & Resorts, reported a transaction involving Marcus Corp [MCS] common stock.
- Evans disposed of 1,259 shares at a price of $20.81 to cover tax obligations related to the vesting of restricted stock granted on February 25, 2021.
- Following the transaction, Evans directly owns 52,457 shares of Marcus Corp common stock.
- Evans also holds multiple stock options with varying exercise prices and expiration dates, totaling 177,623 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an executive's decision to cover tax obligations, which is a normal occurrence.
- The filing provides transparency to stakeholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/25/2021 | Date of original restricted stock grant. |
| 01/08/2030 | Expiration date for stock options with exercise price of $31.11. |
| 02/25/2025 | Date of stock disposal for tax obligations. |
| 02/25/2030 | Expiration date for stock options with exercise price of $28.88. |
| 05/08/2030 | Expiration date for stock options with exercise price of $12.71. |
| 03/09/2031 | Expiration date for stock options with exercise price of $21.84. |
| 03/08/2032 | Expiration date for stock options with exercise price of $17.04. |
| 03/07/2033 | Expiration date for stock options with exercise price of $15.99. |
| 02/27/2025 | Date of Form 4 filing. |
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