Marcus & Millichap (MMI) CFO settles RSUs with share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marcus & Millichap EVP and CFO Steven F. DeGennaro reported multiple compensation-related stock transactions involving restricted stock units (RSUs) on March 10, 2026. He exercised or settled RSUs that delivered a total of 16,140 shares of common stock at a conversion price of $0.00 per share.
To cover withholding tax on these RSU settlements, 6,255 shares of common stock were withheld by the company at a price of $26.43 per share, rather than sold in the open market. After these transactions, DeGennaro directly owned 39,497 shares of common stock, including 361 shares acquired through the employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,140 shares exercised/converted
Mixed
15 txns
Insider
DeGennaro Steven F.
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,854 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,500 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,140 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,329 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,317 | $0.00 | -- |
| Exercise | Common Stock | 2,140 | $0.00 | -- |
| Tax Withholding | Common Stock | 764 | $26.43 | $20K |
| Exercise | Common Stock | 1,329 | $0.00 | -- |
| Tax Withholding | Common Stock | 475 | $26.43 | $13K |
| Exercise | Common Stock | 1,317 | $0.00 | -- |
| Tax Withholding | Common Stock | 470 | $26.43 | $12K |
| Exercise | Common Stock | 8,854 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,278 | $26.43 | $87K |
| Exercise | Common Stock | 2,500 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,268 | $26.43 | $34K |
Holdings After Transaction:
Restricted Stock Units — 8,856 shares (Direct);
Common Stock — 32,984 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlements of RSUs. The amount of shares withheld is based on the closing sale price on March 10, 2026. Includes 361 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan. The restricted stock units vest in five equal annual installments beginning March 10, 2023. The restricted stock units vest in five equal annual installments beginning March 10, 2024. The restricted stock units vest in five equal annual installments beginning March 10, 2025. The restricted stock units vest in four equal annual installments beginning March 10, 2026.
FAQ
What did Marcus & Millichap (MMI) EVP and CFO Steven DeGennaro report in this Form 4?
He reported the settlement of multiple restricted stock unit awards into common shares and related tax-withholding transactions. These events reflect compensation vesting and do not involve open-market purchases or sales of Marcus & Millichap stock by the CFO.
How were taxes paid on Steven DeGennaro’s Marcus & Millichap RSU settlements?
Taxes were paid through share withholding, not open-market sales. A total of 6,255 shares were withheld by Marcus & Millichap to satisfy tax liabilities, using the closing sale price of $26.43 on March 10, 2026, as the basis for the withholding calculation.
Do these Marcus & Millichap Form 4 transactions indicate open-market buying or selling?
No, the transactions consist of RSU exercises or conversions and share withholding for taxes. The Form 4 shows no open-market purchases or sales; instead, it reflects routine equity compensation vesting and associated tax payments made in shares rather than cash.
How do the Marcus & Millichap RSU awards for the CFO vest over time?
The reported RSU grants vest in annual installments over several years. Some vest in five equal yearly tranches beginning March 10, 2023, 2024, or 2025, while another vests in four equal annual installments starting March 10, 2026, according to the disclosed footnotes.