MFIN.NASDAQMedallion Financial CORP

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

Sentiment:

SEC Form 4 Filing

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Alvin Murstein, Chairman & CEO of Medallion Financial Corp, reports changes in beneficial ownership of company stock 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, 2025, 15,302 shares of common stock were withheld by the issuer to satisfy tax obligations related to vesting of restricted stock awards at a price of $8.34.
  • Following the transaction, Mr. Murstein directly owns 269,415 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 neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their holdings in the company.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the ownership structure of the company.

Key Dates

DateDescription
03/01/2025Date of transaction where shares were withheld for tax obligations.
03/03/2025Date of signature on the Form 4 filing.

Keywords

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

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