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Marcus & Millichap Executive Compensation (FY25)

MMI · Executive and director compensation, fiscal 2022 to 2025

The paid brief on Marcus & Millichap

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 7, 2026Latest filing (8-K): May 1, 2026
15 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Marcus & Millichap brief$1,500Get the executive brief
293 figures on this page: 285 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Hessam Nadji
Latest say-on-pay support
=
April 30, 2026
Chief executive pay ratio
◇
To the median employee

More on Marcus & Millichap

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Hessam Nadji: $4,581,674 → $6,273,083 (36.9% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Marcus & Millichap's chief executive and what were they paid?
Hessam Nadji was paid $6,273,083 in total compensation as President and Chief Executive Officer for fiscal 2025. Nadji's total moved 36.9% higher from the $4,581,674 reported for fiscal 2024.
What was Marcus & Millichap's say-on-pay result?
The say-on-pay proposal drew 99.8% support at the meeting held April 30, 2026 for fiscal 2025.
Which companies are in Marcus & Millichap's peer group?
Companies named in the disclosed peer group include B. Riley Financial, Crawford & Company, Douglas Elliman, Goosehead Insurance and Hippo Holdings, among others.
What is Marcus & Millichap's chief executive pay ratio?
The company reported a chief executive pay ratio of 66:1 for fiscal 2025, against median employee compensation of $95,343.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hessam Nadji
President and CEO
◇—◇—◇◇◇◇
John David Parker
Executive Vice President and Chief Operating Officer, Eastern Division
◇—◇—◇—◇◇
Richard Matricaria
Executive Vice President and Chief Operating Officer, Western Division
◇—◇—◇—◇◇
Steven DeGennaro
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Gregory LaBerge
Senior Vice President, Chief Administrative Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hessam Nadji
President and Chief Executive Officer
◇—◇—◇◇◇◇
John David Parker
Executive Vice President and Chief Operating Officer, Eastern Division
◇—◇—◇—◇◇
Richard Matricaria
Executive Vice President and Chief Operating Officer, Western Division
◇—◇—◇—◇◇
Steven DeGennaro
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Gregory LaBerge
Senior Vice President, Chief Administrative Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hessam Nadji
President and Chief Executive Officer
◇—◇—◇◇◇◇
John David Parker
Executive Vice President and Chief Operating Officer, Eastern Division
◇—◇—◇—◇◇
Steven DeGennaro
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Richard Matricaria
Executive Vice President and Chief Operating Officer, Western Division
◇—◇—◇—◇◇
Gregory LaBerge
Senior Vice President, Chief Administrative Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hessam Nadji
President and Chief Executive Officer
◇—◇—◇◇◇◇
John David Parker
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Steven DeGennaro
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Richard Matricaria
Senior Vice President and Chief Growth Officer
◇—◇—◇—◇◇
Gregory LaBerge
Senior Vice President, Chief Client Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Gregory A. LaBergePSU◇◇◇—◇—◇
Gregory A. LaBergeRSU◇——◇——◇
Hessam NadjiRSU◇——◇——◇
Hessam NadjiPSU◇◇◇—◇—◇
John David ParkerPSU◇◇◇—◇—◇
John David ParkerRSU◇——◇——◇
John David ParkerPSU◇◇◇—◇—◇
John David ParkerRSU◇——◇——◇
Richard MatricariaRSU◇——◇——◇
Richard MatricariaPSU◇◇◇—◇—◇
Steven F. DeGennaroPSU◇◇◇—◇—◇
Steven F. DeGennaroRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Steven DeGennaroRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
John David ParkerRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Richard MatricariaRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Gregory LaBergePSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Hessam NadjiPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Hessam Nadji
President and Chief Executive Officer · Employment agreement
Change-in-control trigger◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
John David Parker
Executive Vice President and Chief Operating Officer · Employment agreement
Non-solicit period◇
Richard Matricaria
Senior Vice President and Chief Growth Officer · Employment agreement · citing a 2025 filing
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Norma J. Lawrence
◇◇————◇
Don C. Watters
Lead independent director
◇◇————◇
George T. Shaheen
◇◇————◇
Lauralee E. Martin
◇◇————◇
Nicholas F. McClanahan
◇◇————◇
Collete English Dixon
◇◇————◇
George M. Marcus
Board chair
◇◇————◇
Hessam Nadji served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Restricted Stock.
Stock ownership guideline: 5x annual cash retainer ($325,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • B. Riley Financial symbol not shown
  • Crawford & Company CRD-A
  • Douglas Elliman DOUG
  • Goosehead Insurance GSHD
  • Hippo Holdings HIPO
  • Houlihan Lokey HLI
  • Moelis & Company MC
  • Newmark Group NMRK
  • Oppenheimer Holdings OPY
  • Perella Weinberg Partners PWP
  • Piper Sandler PIPR
  • PJT Partners PJT
  • Ryan Specialty Group RYAN
  • SelectQuote SLQT
  • Walker & Dunlop WD

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 30, 2026=◇◇◇
2024May 1, 2025=◇◇◇
2023May 2, 2024=◇◇◇
2022May 2, 2023=◇◇◇
2021May 3, 2022=◇◇◇
2020May 4, 2021=◇◇◇
2019May 5, 2020=◇◇◇
2018May 2, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Marcus & Millichap disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Marcus & Millichap sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
293 figures on this page: 285 cited to the filing that reported them, 8 calculated from figures it prints.
285 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001193125-26-201642
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-113930
    Executive Compensation Tables and Other Information · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year End
  3. 0001578732-25-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-057887
    Summary Compensation Table
  5. 0001578732-24-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-075212
    Summary Compensation Table
  7. 0001578732-23-000017
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-073857
    Summary Compensation Table
  9. 0001193125-22-213586
  10. 0001193125-22-142989
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-21-154083
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-20-136224
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001193125-19-139653
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001193125-16-535694
  15. 0001193125-25-137858
    EX-10.16
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Marcus & Millichap executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MMI (accessed 2026).
Short form: data: Velarion

The paid brief for Marcus & Millichap

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Marcus & Millichap discloses

The companies named in MMI's own disclosed peer group.

Douglas EllimanGoosehead InsuranceHippo HoldingsHoulihan LokeyMoelis & CompanyNewmark GroupOppenheimer HoldingsPerella Weinberg PartnersPiper SandlerPJT PartnersRyan Specialty GroupSelectQuoteWalker & Dunlop

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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