Form 4: Medallion Financial Corp CFO Anthony N. Cutrone Reports Stock Transaction
SEC Form 4 Filing
Anthony N. Cutrone, CFO of Medallion Financial Corp, reports the disposal of 9,368 shares to cover tax obligations related to a restricted stock award.
Summary
- On March 1, 2024, Anthony N. Cutrone, the Chief Financial Officer of Medallion Financial Corp, disposed of 9,368 shares of common stock.
- The shares were withheld by the issuer to satisfy tax obligations arising from the vesting of a restricted stock award previously granted under the company's 2018 Equity Incentive Plan.
- The transaction was exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
- Following the transaction, Cutrone directly owns 68,976 shares of Medallion Financial Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of covering tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (disposal of shares) |
| 03/05/2024 | Date of signature on the Form 4 filing |
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