Company: MMI
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0001193125-25-057887
Chunk: 46

Company: Marcus & Millichap, Inc.
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 46
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 analysis prepared by FW Cook in November 2023. The same peer group of companies approved by the Committee in 2022 was used for this competitive analysis. Because there are not many publicly traded commercial real estate services firms similar in size and business model to us, development of an appropriate “peer group” of companies against which to compare pay levels and practices proves challenging. Therefore, the Compensation Committee, with the assistance of FW Cook, used the following more expansive criteria to select a peer group consisting of 13 business services companies:

| ◾ |     | reasonable comparability in size to the Company in terms of annual revenue and market cap; |

| ◾ |     | executives are responsible for managing large numbers of professional employees; and |

| ◾ |     | generally engaged in the business of providing transactional services to businesses and individuals. |

Marcus & Millichap, Inc. | 2025 Proxy Statement | Page 44

Compensation Based on the above criteria, the Compensation Committee selected the following companies as our peer group.

| B. Riley Financial |     | Moelis & Company     |     | Ryan Specialty Group |
| Brown & Brown      |     | Newmark Group*       |     | SelectQuote          |
| Crawford & Company |     | Oppenheimer Holdings |     | Walker & Dunlop      |
| Douglas Elliman*   |     | Piper Sandler        |     |                      |
| Houlihan Lokey     |     | PJT Partners         |     |                      |

| * | As noted above, there are not many publicly traded commercial real estate services firms similar in size and business model to us. However, Douglas Elliman and Newmark Group represent two real estate companies that the Compensation Committee, with the assistance of its independent compensation consultant, determined to be similar enough to warrant inclusion in our peer group. |

The Compensation Committee also considered CBRE Group, Colliers International, Cushman & Wakefield, and Jones Lang LaSalle, which we consider to be our direct competitors for inclusion in the peer group, but it was ultimately determined that these companies were too large, and have significant diversified business operations that MMI does not have, to warrant including them in the peer group. Policies for Compensation Risk Mitigation Compensation Recovery Policy The SEC and the New York Stock Exchange recently adopted long-awaited final rules implementing the incentive-based compensation recovery provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which require listed companies to develop and implement a policy providing for the recovery of erroneously awarded