Form 4: Marcus & Millichap SVP Gregory LaBerge Reports Stock Transactions
SEC Form 4 Filing
Gregory LaBerge, SVP & Chief Client Officer at Marcus & Millichap, reports the vesting and disposal of restricted stock units to cover tax obligations.
Summary
- Gregory A. LaBerge, SVP & Chief Client Officer of Marcus & Millichap, filed a Form 4 on May 12, 2025, reporting changes in beneficial ownership.
- On May 10, 2025, LaBerge vested 1,000 restricted stock units (RSUs) which convert into 1,000 shares of common stock.
- Also on May 10, 2025, 357 shares were withheld by the Issuer to cover withholding tax liabilities at a price of $29.81 per share.
- Following these transactions, LaBerge directly owns 6,766 shares of common stock and indirectly owns 2,307 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the reporting person's holdings in the company.
- The withholding of shares for tax purposes has a minor impact on the company's outstanding share count.
Key Dates
| Date | Description |
|---|---|
| 05/10/2021 | Start date of the vesting schedule for the restricted stock units in five equal annual installments. |
| 05/09/2025 | Closing sale price used to calculate shares withheld for tax liability. |
| 05/10/2025 | Date of the reported transactions: vesting of RSUs and withholding of shares for taxes. |
| 05/12/2025 | Date the Form 4 was filed. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Marcus & Millichap, MMI, LaBerge, Stock Transaction, SEC Filing
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.