Form 4: MMI Officer LaBerge Reports RSU Vesting, Stock Transactions

Marcus & Millichap SVP Gregory A. LaBerge reported the vesting of restricted stock units and subsequent common stock transactions, including tax withholdings.

Summary

• Gregory A. LaBerge, SVP & Chief Client Officer of Marcus & Millichap, Inc. (MMI), reported multiple transactions on March 10, 2026.
• These transactions involved the acquisition of common stock upon the settlement of various Restricted Stock Units (RSUs).
• A total of 9,797 shares of common stock were acquired through RSU vesting (1,238 + 769 + 1,020 + 5,352 + 1,318).
• Concurrently, 3,466 shares of common stock were disposed of at a price of $26.43 per share to cover withholding tax liabilities incurred from the RSU settlements.
• Following these transactions, LaBerge directly beneficially owns 6,231 shares of common stock and indirectly owns 9,073 shares through the Gregory & Meredith LaBerge TTEE Gregory A. LaBerge Trust.
• Remaining unvested derivative securities (RSUs) include 5,358, 2,636, 3,718, and 2,310 units, with various vesting schedules extending to 2035.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine executive compensation transactions (RSU vesting and tax withholding) that are part of a pre-established plan, without indicating any new strategic or operational developments.

Positives

• The vesting of Restricted Stock Units indicates continued compensation and retention of a key executive.
• The executive's continued direct and indirect beneficial ownership of a significant number of shares aligns his interests with shareholders.

Negatives

• The disposition of shares to cover tax liabilities, while standard, represents a reduction in direct shareholding.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that routine Form 4 filings, such as this one detailing RSU vesting and tax-related share dispositions, are common across publicly traded companies. These filings provide transparency into executive compensation and ownership but typically do not reflect broader industry trends or competitive positioning directly.

Comparison to Industry Standards

• This filing is a standard disclosure of executive compensation and share ownership changes, which is a common practice across all publicly traded companies. There are no specific comparable companies or projects mentioned in this filing to assess against industry standards.

Related Party Transactions

• Shares are held indirectly by the Gregory & Meredith LaBerge TTEE Gregory A. LaBerge Trust, which is a related party.

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and ownership, confirming alignment of executive interests with company performance through equity holdings.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events (RSU vesting and tax-related share dispositions) and does not provide new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The transactions are expected and do not signal a significant shift in insider sentiment or company prospects.

Keywords

Marcus & Millichap, MMI, Gregory A. LaBerge, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Common Stock, Executive Compensation, Beneficial Ownership