Marcus & Millichap (MMI) COO exercises 2,000 RSUs, 1,021 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marcus & Millichap EVP & COO John David Parker reported routine equity compensation activity. On May 8, 2026, he exercised 2,000 restricted stock units, each converting into one share of common stock at a stated price of $0.00 per share. To cover withholding tax on this RSU settlement, 1,021 common shares were withheld by the company at a reference price of $30.42 per share, rather than sold in the open market. Following these transactions, Parker directly holds 42,483 common shares, reflecting a modest net increase from prior holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,000 shares exercised/converted
Mixed
3 txns
Insider
Parker John David
Role
EVP & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,000 | $0.00 | -- |
| Exercise | Common Stock | 2,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,021 | $30.42 | $31K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 42,483 shares (Direct, null)
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 May 8, 2026. The restricted stock units vest in five equal annual installments beginning May 10, 2022.
Key Figures
RSUs exercised: 2,000 shares
Shares withheld for tax: 1,021 shares
Withholding reference price: $30.42 per share
+3 more
6 metrics
RSUs exercised
2,000 shares
Restricted stock units converted to common stock on May 8, 2026
Shares withheld for tax
1,021 shares
Withheld to cover RSU-related withholding tax on May 8, 2026
Withholding reference price
$30.42 per share
Closing sale price used to determine tax-withholding shares
Shares after tax withholding
41,462 shares
Common stock directly held following tax-withholding disposition
Shares after RSU exercise
42,483 shares
Common stock directly held following 2,000 RSU exercise
RSU vesting schedule
5 equal annual installments
Vesting began May 10, 2022 for the restricted stock units
Key Terms
Restricted Stock Units, withholding tax liability, derivative security, vesting
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding tax liability financial
"Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlements of RSUs."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"The restricted stock units vest in five equal annual installments beginning May 10, 2022."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did Marcus & Millichap (MMI) report for John David Parker?
Marcus & Millichap reported that EVP & COO John David Parker exercised 2,000 restricted stock units into common stock on May 8, 2026. In connection with this RSU settlement, 1,021 shares were withheld by the company to satisfy withholding tax obligations.
What does the exercise of 2,000 RSUs mean for Marcus & Millichap (MMI) EVP & COO Parker?
Exercising 2,000 restricted stock units converts those RSUs into 2,000 shares of Marcus & Millichap common stock. This is part of Parker’s equity compensation, with shares vesting over time and increasing his direct ownership stake after accounting for tax withholding.
How were the withholding taxes on John David Parker’s Marcus & Millichap RSUs calculated?
The company withheld 1,021 shares to satisfy Parker’s withholding tax liability from the RSU settlement. The number of shares withheld was based on Marcus & Millichap’s closing sale price of $30.42 per share on May 8, 2026, as disclosed in the footnotes.
When did John David Parker’s Marcus & Millichap restricted stock units begin vesting?
The restricted stock units began vesting in five equal annual installments starting May 10, 2022. By May 8, 2026, a tranche of 2,000 RSUs had vested and was settled into common stock, triggering the reported exercise and associated tax-withholding share disposition.