Form 4: Marcus & Millichap Executive Gregory LaBerge Reports Stock Transactions
SEC Form 4
Gregory LaBerge, Chief Administrative Officer of Marcus & Millichap, reports the vesting and subsequent sale of restricted stock units, along with other transactions involving the company's common stock.
Summary
- Gregory A. LaBerge, Chief Administrative Officer of Marcus & Millichap, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 10, 2025, LaBerge exercised restricted stock units (RSUs) and simultaneously sold shares to cover withholding tax liabilities at a price of $35.47 per share.
- Specifically, he acquired 611, 1,012, 5,352, 1,318, and 1,238 shares through the vesting of RSUs.
- Correspondingly, he disposed of 219, 363, 1,912, 472, and 442 shares to satisfy tax obligations related to these vested RSUs.
- On March 11, 2025, LaBerge sold 2,915 shares of common stock at a price of $34.7808 per share.
- Following these transactions, LaBerge directly owns 6,123 shares and indirectly owns 2,307 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice for company insiders to report their transactions in company stock, providing transparency to investors.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis to gauge management's sentiment and potential future performance.
- Comparing LaBerge's transactions to those of other executives in similar real estate investment firms could provide insights into the relative valuation and outlook for Marcus & Millichap.
- Companies like CBRE Group and Jones Lang LaSalle also have executives who regularly report stock transactions.
Stakeholder Impact
- The reported transactions provide shareholders with insight into the actions of a key executive.
- These transactions can influence investor sentiment, although the impact is typically limited unless part of a larger trend.
Key Dates
| Date | Description |
|---|---|
| 03/10/2021 | First vesting date for 611 restricted stock units. |
| 03/10/2022 | First vesting date for 1,012 restricted stock units. |
| 03/10/2023 | First vesting date for 5,352 restricted stock units. |
| 03/10/2024 | First vesting date for 1,318 restricted stock units. |
| 03/10/2025 | Transactions reported: vesting of RSUs and sale of shares for tax liabilities. |
| 03/11/2025 | Sale of 2,915 shares of common stock. |
| 03/12/2025 | Date of Form 4 filing. |
| 02/08/2034 | Expiration date for 1,238 restricted stock units. |
| 02/09/2033 | Expiration date for 1,318 restricted stock units. |
| 02/10/2032 | Expiration date for 5,352 restricted stock units. |
| 02/11/2030 | Expiration date for 611 restricted stock units. |
| 02/11/2031 | Expiration date for 1,012 restricted stock units. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.