Form 4: Marcus & Millichap EVP Richard Matricaria Reports Stock Transactions
SEC Form 4 Filing
Richard Matricaria, EVP & COO of Western Division at Marcus & Millichap, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On March 10, 2025, Richard D. Matricaria, EVP & COO Western Division of Marcus & Millichap, Inc. (MMI), engaged in multiple transactions involving common stock and restricted stock units (RSUs).
- Matricaria vested various tranches of RSUs, converting them into common stock.
- Simultaneously, shares were withheld by the issuer to cover withholding tax liabilities incurred upon the settlement of these RSUs.
- The price used for calculating the withheld shares was $35.47 per share.
- These transactions resulted in a net change in Matricaria's beneficial ownership of Marcus & Millichap common stock.
- After these transactions, Matricaria directly owns 19,677 shares of common stock and various amounts of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Key Dates
| Date | Description |
|---|---|
| 03/10/2021 | First vesting date of restricted stock units (RSUs) that vest in five equal annual installments. |
| 03/10/2022 | First vesting date of restricted stock units (RSUs) that vest in five equal annual installments. |
| 03/10/2023 | First vesting date of restricted stock units (RSUs) that vest in five equal annual installments. |
| 03/10/2024 | First vesting date of restricted stock units (RSUs) that vest in five equal annual installments. |
| 03/10/2025 | Date of the reported transactions: vesting of RSUs and withholding of shares for tax liabilities. |
| 02/11/2030 | Expiration date of some restricted stock units. |
| 02/11/2031 | Expiration date of some restricted stock units. |
| 02/10/2032 | Expiration date of some restricted stock units. |
| 02/09/2033 | Expiration date of some restricted stock units. |
| 02/08/2034 | Expiration date of some restricted stock units. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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