Form 4: Medallion Financial Corp. CFO Anthony N. Cutrone Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Anthony N. Cutrone, CFO of Medallion Financial Corp., disposed of 12,468 shares of common stock to cover tax obligations related to vesting restricted stock awards.
Summary
- On March 1, 2025, Anthony N. Cutrone, the Chief Financial Officer of Medallion Financial Corp., reported a transaction involving the disposal of company stock.
- A total of 12,468 shares of common stock were disposed of at a price of $8.34 per share.
- This transaction was executed to satisfy tax obligations arising from the vesting of restricted stock awards previously granted under the company's 2018 Equity Incentive Plan.
- Following the transaction, Cutrone directly owns 91,063 shares of Medallion Financial Corp. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of stock disposal transaction. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Medallion Financial Corp, MFIN, Anthony N. Cutrone, CFO, Stock Disposal, Tax Obligations, Restricted Stock Awards, Equity Incentive Plan, Beneficial Ownership
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