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

Alvin Murstein, Chairman & CEO of Medallion Financial Corp, reports changes in beneficial ownership due to shares withheld for tax obligations and shares held in family trusts.

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 4, 2025, 2,072 shares were withheld by the issuer to satisfy tax obligations related to the vesting of a restricted stock award at a price of $8.17.
• Following the transaction, Mr. Murstein directly owns 267,343 shares of common stock.
• He 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 standard regulatory filing, so the sentiment is neutral.

Management Comments

• Alvin Murstein, Chairman & Chief Executive Officer, signed the report.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider and is a standard practice for publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

beneficial ownership, Form 4, Medallion Financial Corp, Alvin Murstein, stock, shares, tax obligations, family trust