4/A: Marcus & Millichap CEO Hessam Nadji Corrects Stock Unit Grant in Amended SEC Filing

Hessam Nadji, CEO of Marcus & Millichap, files an amended SEC Form 4/A to correct the number of restricted stock units granted on February 6, 2025, from 92,000 to 46,060.

Summary

• Hessam Nadji, the CEO of Marcus & Millichap, filed an amended Form 4/A with the SEC.
• The filing corrects the number of restricted stock units (RSUs) granted to Nadji on February 6, 2025.
• The original filing incorrectly stated that 92,000 RSUs were granted.
• The corrected filing indicates that the actual number of RSUs granted was 46,060.
• These RSUs vest in four equal annual installments starting March 10, 2026.
• Each RSU represents a contingent right to receive one share of Marcus & Millichap's common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a correction of a previous filing, not inherently positive or negative, but the correction of an error is slightly negative.

Management Comments

• This Form 4/A is being filed to amend the previously reported number of restricted stock units granted on February 6, 2025.
• The correct number of shares acquired is 46,060 instead of the previously reported 92,000.

Industry Context

This is a routine SEC filing related to executive compensation. It is common for companies to grant stock options and restricted stock units to executives as part of their compensation packages. These filings are publicly available and provide transparency into executive ownership.

Stakeholder Impact

• Shareholders may be interested in the details of executive compensation.
• The corrected filing ensures accurate information is available to investors.

Key Dates