Form 4: Medallion Financial Corp: Officer Thomas J. 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 changes in beneficial ownership due to tax obligations and holdings in an IRA.
Summary
- On March 1, 2024, Thomas J. Munson had 3,879 common stock shares withheld by Medallion Financial Corp to cover tax obligations at a price of $7.98 per share, leaving him with 49,883 shares.
- On March 4, 2024, an additional 501 common stock shares were withheld for tax obligations at $8.18 per share, resulting in a holding of 49,382 shares.
- Munson also indirectly owns 3,447 shares held in an Individual Retirement Account (IRA) at Charles Schwab & Co., Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership and transactions.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | 3,879 common stock shares withheld for tax obligations at $7.98 per share. |
| 03/04/2024 | 501 common stock shares withheld for tax obligations at $8.18 per share. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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