Medallion Financial (MFIN) executive reports tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Medallion Financial Corp executive Marisa T. Silverman reported a tax-related share disposition. On this Form 4, 13,540 shares of common stock were withheld by the company at a price of $10.09 per share to satisfy tax obligations from previously granted restricted stock vesting. After this withholding transaction, she directly owns 92,133 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Silverman Marisa T.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 13,540 | $10.09 | $137K |
Holdings After Transaction:
Common Stock — 92,133 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Marisa T. Silverman report for MFIN?
Marisa T. Silverman reported a tax-related share disposition involving Medallion Financial Corp common stock. The company withheld 13,540 shares upon vesting of restricted stock awards to cover tax obligations, a non-open-market transaction exempt under Rule 16b-3.
Was the MFIN insider transaction an open-market sale by Marisa T. Silverman?
No, the transaction was not an open-market sale. The shares were withheld by Medallion Financial Corp to satisfy tax obligations arising from restricted stock vesting, in a transaction classified as a tax-withholding disposition and described as exempt under Rule 16b-3.
Under which plan were the restricted stock awards for MFIN granted?
The restricted stock awards were granted under the Medallion Financial Corp 2018 Equity Incentive Plan. Shares were later withheld upon vesting to satisfy related tax obligations, as reported in the Form 4 insider filing for Marisa T. Silverman.