Marcus & Millichap CEO Hessam Nadji's 2019 pay jumps 88% to $5.8M
Marcus & Millichap reports 2019 executive compensation
By ExecPay News
Published: March 20, 2020
Marcus & Millichap reported fiscal year 2019 executive compensation information on March 20, 2020.
In 2019, four executives at Marcus & Millichap received on average a compensation package of $2.1M, a 23% increase compared to previous year.
Average pay of disclosed executives at Marcus & Millichap
Hessam Nadji, Chief Executive Officer, received $5.8M in total, which increased by 88% compared to 2018. 63% of Nadji's compensation, or $3.6M, was in stock awards. Nadji also received $168K of change in pension value and nonqualified deferred compensation earnings, $1.4M in non-equity incentive plan, $600K in salary, as well as $28K in other compensation.
For fiscal year 2019, the median employee pay was $65,507 at Marcus & Millichap. Therefore, the ratio of Hessam Nadji's pay to the median employee pay was 88 to one.
Mitchell R. LaBar, Chief Operating Officer, received a compensation package of $965K, which decreased by 52% compared to previous year. 45% of the compensation package, or $438K, was in salary.
Martin E. Louie, Chief Financial Officer, earned $849K in 2019, a 14% decrease compared to previous year.
Gregory A. LaBerge, Chief Administrative Officer, received $694K in 2019.
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Source: SEC filing on March 20, 2020.