Form 4: Medallion Financial Corp: Officer Donald S. Poulton Reports Stock Transaction
SEC Form 4 Filing
Donald S. Poulton, Chief Executive Officer and President of Medallion Bank, reports the disposal of 16,675 shares of Medallion Financial Corp to cover tax obligations.
Summary
- On March 1, 2025, Donald S. Poulton, Chief Executive Officer and President of Medallion Bank, disposed of 16,675 shares of Medallion Financial Corp common stock.
- The shares were withheld by the issuer to satisfy tax obligations arising from the vesting of restricted stock awards granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan.
- The transaction was exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
- Following the transaction, Poulton directly owns 220,297 shares of Medallion Financial Corp.
- The price per share for the transaction was $8.34.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
This is a standard Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of stock transaction |
| 03/03/2025 | Date of signature |
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