Form 4: Medallion Financial Corp Director Murstein Reports Tax Obligation Share Withholding
SEC Form 4 Filing
Andrew Murstein, a director and President of Medallion Financial Corp, reports the withholding of shares to cover tax obligations related to vested restricted stock.
Summary
- On March 1, 2025, Andrew Murstein, a director and President of Medallion Financial Corp, had 62,498 shares of common stock withheld by the issuer to satisfy tax obligations.
- The shares were withheld at a price of $8.34 per share.
- Following the transaction, Murstein directly owns 794,733 shares and indirectly owns 1,481,963 shares through the Andrew Murstein Family Trust.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (tax obligation fulfillment) and has a neutral sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates a standard tax obligation fulfillment related to vested equity.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of the transaction where shares were withheld to satisfy tax obligations. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
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