Form 4: Medallion Financial Corp CFO Anthony N. Cutrone Increases Stake in Company

Anthony N. Cutrone, CFO of Medallion Financial Corp, recently acquired additional shares of the company's common stock through a series of transactions.

Summary

• On September 6, 2024, Anthony N. Cutrone, the Chief Financial Officer of Medallion Financial Corp, purchased 2,000 shares of common stock at $7.5229 per share and another 2,000 shares at $7.525 per share.
• Following these transactions, Mr. Cutrone directly owns 70,976 shares of Medallion Financial Corp.
• Additionally, Mr. Cutrone indirectly owns 2,000 shares held in a Roth Individual Retirement Account.
• On September 10, 2024, Mr. Cutrone purchased an additional 1,000 shares at $7.5 per share, bringing his direct ownership to 71,976 shares.
• He also acquired 500 shares indirectly, increasing his indirect holdings to 2,500 shares in the Roth IRA.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CFO increasing their stake suggests confidence, but it's a routine transaction.

Positives

• The CFO's decision to increase his stake in the company could be interpreted as a positive signal about his confidence in the company's future prospects.

Industry Context

This type of filing is standard for corporate insiders who trade in their company's stock. It provides transparency to the market.

Stakeholder Impact

• Shareholders may view the CFO's stock purchases as a positive signal.

Key Dates