MFIN.NASDAQMedallion Financial CORP

Form 4: Alvin Murstein Reports Changes in Beneficial Ownership of Medallion Financial Corp.

Sentiment:

SEC Form 4 Filing

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Alvin Murstein, Chairman & CEO of Medallion Financial Corp., reports changes in beneficial ownership due to tax obligations and trust holdings.

Summary

  • Alvin Murstein, Chairman & CEO of Medallion Financial Corp., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
  • On March 1, 2024, 11,525 shares were withheld by the issuer to satisfy tax obligations related to a restricted stock award at a price of $7.98.
  • On March 4, 2024, 2,072 shares were withheld by the issuer to satisfy tax obligations related to a restricted stock award at a price of $8.18.
  • Following these transactions, Mr. Murstein directly owns 261,203 shares of common stock.
  • Mr. Murstein also indirectly owns 1,358,300 shares through the Alvin Murstein Second Family Trust, 117,660 shares through the Aileen J. Murstein Family 2012 Trust, and 5,000 shares owned by his spouse.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions and holdings.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the insider transactions of the company's CEO.

Key Dates

DateDescription
03/01/202411,525 shares withheld for tax obligations at $7.98.
03/04/20242,072 shares withheld for tax obligations at $8.18.
03/05/2024Date of signature of the Form 4 filing.

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