Form 4: Medallion Financial Corp: Officer Munson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Thomas J. Munson, Chief Credit Officer and Executive Vice President of Medallion Financial Corp, reports a transaction involving common stock to cover tax obligations.
Summary
- On March 4, 2025, Thomas J. Munson, Chief Credit Officer and Executive Vice President of Medallion Financial Corp, reported a transaction.
- 501 shares of common stock were disposed of at a price of $8.17.
- The shares were withheld by the issuer to satisfy tax obligations arising from the vesting of a restricted stock award granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan.
- Following the transaction, Munson directly owns 58,263 shares of Medallion Financial Corp.
- The transaction was exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction is related to tax obligations, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
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 |
|---|---|
| 03/04/2025 | Date of transaction: disposal of common stock to cover tax obligations. |
| 03/05/2025 | Date of signature for the Form 4 filing. |
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