Form 4: Marcus & Millichap Executive Reports Stock Transactions
SEC Form 4 Filing
Gregory A. LaBerge, Chief Administrative Officer of Marcus & Millichap, reports the vesting and disposal of restricted stock units to cover tax obligations.
Summary
- Gregory A. LaBerge, Chief Administrative Officer of Marcus & Millichap, filed a Form 4 detailing changes in beneficial ownership of the company's stock on May 10, 2024.
- LaBerge vested 1,000 restricted stock units (RSUs), each representing one share of Marcus & Millichap common stock.
- He disposed of 357 shares to cover withholding tax liabilities at a price of $33.68 per share.
- Following these transactions, LaBerge directly owns 6,222 shares of common stock and indirectly owns 828 shares through a trust.
- He also continues to hold 1,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| 05/10/2021 | Start date for the vesting of restricted stock units in five equal annual installments. |
| 05/10/2024 | Date of the reported stock transactions, including vesting of RSUs and disposal of shares for tax obligations. |
| 05/13/2024 | Date of signature on the Form 4 filing. |
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