Form 4: Marcus & Millichap EVP John David Parker Reports Stock Transactions

EVP & COO of Marcus & Millichap, John David Parker, reports the vesting and subsequent tax withholding of restricted stock units.

Summary

• On May 10, 2024, John David Parker, EVP & COO Eastern Division of Marcus & Millichap, Inc., reported transactions involving the company's common stock.
• Parker vested 3,000 restricted stock units (RSUs) and 2,000 restricted stock units, converting them into common stock.
• The company withheld 1,532 shares at a price of $33.68 to cover withholding tax liabilities related to the vesting of 3,000 RSUs.
• The company withheld 1,021 shares at a price of $33.68 to cover withholding tax liabilities related to the vesting of 2,000 RSUs.
• Following these transactions, Parker directly owns 14,823 shares of Marcus & Millichap common stock and 4,000 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions, reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.
• The transactions impact the executive's personal holdings in the company.

Key Dates