Thomas J. Munson - 16 Feb 2024 Form 4 Insider Report for MEDALLION FINANCIAL CORP (MFIN)

Role
Chief Credit Officer and Executive Vice President
Signature
/s/ Thomas J. Munson
Issuer symbol
MFIN
Transactions as of
16 Feb 2024
Net transactions value
+$100,437
Form type
4
Filing time
21 Feb 2024, 16:10:36 UTC
Previous filing
07 Mar 2023
Next filing
05 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MFIN Common Stock Award $105,003 +11,706 +28% $8.97 54,271 16 Feb 2024 Direct F1
transaction MFIN Common Stock Tax liability $4,566 -509 -0.94% $8.97 53,762 17 Feb 2024 Direct F2
holding MFIN Common Stock 3,447 16 Feb 2024 See Footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted shares of common stock awarded under the Medallion Financial Corp. 2018 Equity Incentive Plan which will vest in equal one-third increments on March 1, 2025, March 1, 2026 and March 1, 2027.
F2 Shares withheld by the Issuer to satisfy tax obligations arising upon vesting of restricted stock award granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan in a transaction exempt under Rule 16b-3 under the Securities Exchange Act of 1934.
F3 These shares are held by Charles Schwab & Co., Inc. in an Individual Retirement Account for the benefit of Thomas J. Munson.

Remarks:

Chief Credit Officer and Executive Vice President