Form 4: Medallion Financial Corp: CEO Donald S. Poulton Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Donald S. Poulton reports the withholding of shares by Medallion Financial Corp to cover tax obligations related to a restricted stock award.
Summary
- On March 1, 2024, 11,884 common stock shares were withheld by Medallion Financial Corp. at a price of $7.98 to satisfy tax obligations.
- On March 4, 2024, an additional 2,228 common stock shares were withheld at a price of $8.18 for the same purpose.
- Following these transactions, Donald S. Poulton directly owns 202,106 shares of Medallion Financial Corp.
- The transactions are exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing standard stock transactions for tax purposes; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
- The company's equity incentive plan is being utilized.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | 11,884 shares withheld to satisfy tax obligations at $7.98 per share. |
| 03/04/2024 | 2,228 shares withheld to satisfy tax obligations at $8.18 per share. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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