Form 4: Medallion Financial Corp Officer Exercises Options and Acquires Shares
SEC Form 4 Filing
David Justin Haley, CFO of Medallion Financial Corp, exercised options to acquire 650 shares of common stock at $6.55 on May 6, 2024.
Summary
- On May 6, 2024, David Justin Haley, the Chief Financial Officer of Medallion Financial Corp, exercised options to acquire 650 shares of common stock at a price of $6.55 per share.
- This transaction increased Haley's direct ownership to 77,212 shares of common stock.
- Haley also holds options to purchase 35,627 shares of common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard insider transaction.
Industry Context
This is a routine Form 4 filing, indicating insider activity. It's common for executives to exercise stock options as part of their compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares relative to the total outstanding.
Key Dates
| Date | Description |
|---|---|
| 03/21/2019 | Date of grant for options exercised |
| 02/14/2020 | One-fourth of the options vested |
| 02/14/2021 | One-fourth of the options vested |
| 02/14/2022 | One-fourth of the options vested |
| 02/14/2023 | One-fourth of the options vested |
| 05/06/2024 | Date of transaction: CFO exercised options to acquire shares |
| 05/08/2024 | Date of signature for the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.