Form 4: Medallion Financial Corp: Officer Reports Tax Obligation Fulfillment Through Share Withholding

Marisa T. Silverman, an officer of Medallion Financial Corp, reports the withholding of shares to cover tax obligations related to a previously granted restricted stock award.

Summary

• On March 4, 2025, Marisa T. Silverman, Executive Vice President, Chief Compliance Officer, General Counsel and Secretary of Medallion Financial Corp, had 712 shares of common stock withheld by the issuer to satisfy tax obligations.
• The shares were withheld at a price of $8.17 per share.
• This transaction occurred due to the vesting of a restricted stock award granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan.
• Following the transaction, Silverman directly owns 86,368 shares of Medallion Financial Corp.
• The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects a routine transaction related to tax obligations. It doesn't indicate any significant positive or negative implications for the company.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies and their insiders. They provide transparency into the transactions of company insiders, allowing investors to track potential changes in ownership and sentiment.

Key Dates

Keywords

Form 4, Beneficial Ownership, Insider Trading, Medallion Financial Corp, MFIN, Marisa T. Silverman, Tax Obligations, Share Withholding, Equity Incentive Plan, Restricted Stock