Form 4: Marcus & Millichap EVP Richard Matricaria Reports Stock Transactions
SEC Form 4 Filing
Richard Matricaria, EVP & COO of Marcus & Millichap, reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- Richard D. Matricaria, EVP & COO Western Division of Marcus & Millichap, filed a Form 4.
- On May 10, 2024, Matricaria vested 3,000 restricted stock units (RSUs) and 2,000 RSUs, converting them into common stock.
- The company withheld 1,521 shares at a price of $33.68 to cover tax liabilities related to the vesting of 3,000 RSUs.
- The company withheld 1,014 shares at a price of $33.68 to cover tax liabilities related to the vesting of 2,000 RSUs.
- Following these transactions, Matricaria directly owns 9,543 shares of common stock and 4,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based compensation.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
Key Dates
| Date | Description |
|---|---|
| 05/10/2020 | Start date for vesting of restricted stock units in five equal annual installments. |
| 05/10/2022 | Start date for vesting of restricted stock units in five equal annual installments. |
| 05/10/2024 | Date of RSU vesting and tax withholding. |
| 05/13/2024 | Date of Form 4 filing. |
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