Marcus & Millichap, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation Plans (Tables)

Stock-Based Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2022

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Outstanding Awards Under 2013 Omnibus Equity Incentive Plan

Activity under the 2013 Plan consisted of the following (dollars in thousands, except weighted average per share data):


	Shares			Weighted- Average Grant Date Fair Value Per Share
Nonvested shares at December 31, 2021 (1)		980,936		$	36.58
Granted		848,629			47.16
Vested		(225,557	)		36.44
Forfeited/canceled		(14,050	)		36.79

Nonvested shares at June 30, 2022 (1)		1,589,958		$	42.45

Unrecognized stock-based compensation expense as of June 30, 2022	$	60,111

Unrecognized compensation expense is expected to be recognized over a weighted-average period (years) of approximately		4.03

Weighted average remaining vesting period (years) as of June 30, 2022		4.03

(1)	Nonvested RSUs will be settled through the issuance of new shares of common stock.

Stock-Based Compensation Expense

Components of stock-based compensation are included in selling, general and administrative expense in the condensed consolidated statements of net and comprehensive income and consisted of the following (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
ESPP	$	29	$	24	$	85	$	74
RSUs and RSAs		4,246		2,638		8,046		4,876

	$	4,275	$	2,662	$	8,131	$	4,950