Company: MMI
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0001193125-25-057887
Chunk: 36

Company: Marcus & Millichap, Inc.
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 36
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 (approximately 83% excluding the shares held by our Chair, George Marcus) to invite them to participate in meetings to discuss our executive compensation program. |

| ◾ |     | Stockholders representing approximately 20% of our total shares outstanding accepted our invitation to share feedback. |

Marcus & Millichap, Inc. | 2025 Proxy Statement | Page 37

Compensation Company Participants

| ◾ |     | Our Chief Financial Officer and Chief Legal Officer participated in meetings with investors representing approximately 20% of our total shares outstanding. |

| ◾ |     | Don C. Watters, the independent chair of the Compensation Committee, participated in meetings with investors representing approximately 10% of our total shares outstanding. |

Key Themes from Stockholder Engagement While our stockholders were generally pleased with the design of our executive compensation program, they did express concern with the lack of performance-based equity grants in our long-term incentive compensation program. Certain stockholders also expressed concern with the one-time, off-cycle,equity award made in August of 2023. The Compensation Committee is committed to implementing compensation programs that are aligned with the interests of our stockholders.

|                                         |     | What We Heard                                                                                                                      |     | How We Responded                                                                                                                                                                                                                                                                                         |
| Topic                                   |     | Feedback                                                                                                                           |     | Changes for FY25 and Beyond                                                                                                                                                                                                                                                                              |
| One-time equity award                   |     | Shareholders expressed concern over the one-time, off-cycle equity grant made in August 2023.                                      |     | ◾ We communicated with the concerned shareholders that the one-time, off-cycle award had only occurred due to unique circumstances and there were no further one-time, off-cycle grants planned now or in the future.                                                                                    |
| Lack of Performance-based Equity Grants |     | Shareholders expressed concern over a lack of performance-based equity grants as part of the Company’s long-term incentive program |     | ◾ Beginning with our 2025 long-term incentive program, 50% of target grant value will be awarded in the form of performance share units that vest based on achievement of three-year financial goals, in addition to continued employment. See “Changes to 2025 Long-Term Incentive Program” on page 44. |

Elements of 2024 Compensation This section describes the elements of our NEOs’ 2024 compensation, which consist of the following:

| Direct Compensation            |     | Indirect Compensation |
| ◾  Base Salary                 |     | ◾�