Form 4: Marcus & Millichap EVP and CFO Steven F. DeGennaro Reports Changes in Beneficial Ownership

Steven F. DeGennaro, EVP and CFO of Marcus & Millichap, reported transactions involving common stock and restricted stock units on March 10, 2025.

Summary

• On March 10, 2025, Steven F. DeGennaro, the EVP and CFO of Marcus & Millichap, engaged in transactions involving the company's common stock and restricted stock units (RSUs).
• DeGennaro acquired 8,854 shares of common stock through the vesting of RSUs and disposed of 3,161 shares to cover withholding tax liabilities at a price of $35.47 per share.
• He also acquired 2,500 and 2,140 shares of common stock through RSU vesting and disposed of 1,080 and 764 shares, respectively, for tax liabilities at the same price.
• Following these transactions, DeGennaro directly owns 28,750 shares of common stock, which includes 80 shares purchased under the Employee Stock Purchase Plan.
• He also holds 17,710, 7,508, and 8,560 restricted stock units, which vest in annual installments beginning on March 10, 2023, March 10, 2024, and March 10, 2025, respectively.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing reflecting standard compensation practices. There's no indication of unusual activity or concern.

Positives

• The vesting of RSUs indicates a continued alignment of the executive's interests with the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting schedules and tax withholding practices are typical for RSU grants.
• Comparable companies such as CBRE Group, Inc. and JLL also have executives who regularly file Form 4s to report similar transactions.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.
• Transparency through Form 4 filings helps maintain investor confidence.

Key Dates