Form 4: Medallion Financial Corp: Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Thomas J. Munson, Chief Credit Officer and Executive Vice President of Medallion Financial Corp, disposed of 5,871 shares to cover tax obligations arising from vesting restricted stock awards.
Summary
- On March 1, 2025, Thomas J. Munson, Chief Credit Officer and Executive Vice President of Medallion Financial Corp, disposed of 5,871 shares of common stock.
- The shares were sold at a price of $8.34 per share.
- This transaction was to satisfy tax obligations related to the vesting of restricted stock awards under the company's 2018 Equity Incentive Plan.
- Following the transaction, Munson directly owns 58,764 shares of Medallion Financial Corp.
Sentiment
Score: 5
Explanation: This is a neutral event. An officer sold shares to cover taxes, which is a normal occurrence.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates that a company officer sold shares to cover tax obligations, which is a common practice.
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 transaction: disposal of shares. |
| 03/03/2025 | Date of signature. |
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