Form 4: Marcus & Millichap Director Norma J. Lawrence Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Norma J. Lawrence reports acquiring 2,303 shares of Marcus & Millichap, Inc. common stock at $32.56 per share on May 2, 2024.
Summary
- On May 2, 2024, Norma J. Lawrence, a director of Marcus & Millichap, Inc., acquired 2,303 shares of common stock at a price of $32.56 per share.
- Following the transaction, Ms. Lawrence directly owns 4,780 shares of common stock.
- Ms. Lawrence also indirectly owns 26,094 shares through The Lawrence Family Trust.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard disclosure of a director's stock purchase. The purchase itself is a mildly positive signal.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's investment in the company, which is common.
Stakeholder Impact
- The director's stock purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 4/18/01 | Date of The Lawrence Family Trust |
| 9/30/10 | Date The Lawrence Family Trust was restated |
| 05/02/2024 | Date of the stock transaction |
| 05/03/2024 | Date of the Form 4 filing |
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