Form 4: Medallion Financial Corp: Andrew Murstein Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Andrew Murstein, President of Medallion Financial Corp, reports changes in beneficial ownership due to shares withheld for tax obligations.
Summary
- On March 1, 2024, 45,530 common stock shares were disposed of at $7.98 per share to cover tax obligations.
- On March 4, 2024, 7,545 common stock shares were disposed of at $8.18 per share to cover tax obligations.
- Following these transactions, Andrew Murstein directly owns 762,780 shares of common stock.
- He also indirectly owns 1,481,963 shares through the Andrew Murstein Family Trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions related to tax obligations, which is a normal part of executive compensation.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence for publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations from existing equity awards.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | 45,530 common stock shares disposed of at $7.98 per share for tax obligations. |
| 03/04/2024 | 7,545 common stock shares disposed of at $8.18 per share for tax obligations. |
| 03/05/2024 | Date of signature for the report. |
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