MURSTEIN ALVIN 4
4 · MEDALLION FINANCIAL CORP · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
MFIN Executive Chairman Alvin Murstein Withholds 11,973 Shares for Taxes
What Happened
- Alvin Murstein, Executive Chairman of Medallion Financial Corp. (MFIN), had 11,973 shares withheld to pay tax obligations related to vesting of restricted stock awards. The withholding was executed on 2026-03-01 at an implied price of $10.09 per share, totaling $120,808. This is a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date: 2026-03-01; Filing date: 2026-03-02 (filed the next day).
- Shares withheld/disposed: 11,973 at $10.09 per share; total value $120,808.
- Transaction code: F (tax withholding to satisfy tax liability upon vesting).
- Footnotes: F1 notes the shares were withheld by the issuer under the 2018 Equity Incentive Plan in a Rule 16b-3 exempt transaction. F2–F4 describe shares beneficially owned via family trusts and spouse.
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Report filed promptly the day after the transaction (no late filing indicated).
Context
- This was a routine tax-withholding event tied to vesting of restricted stock, not a voluntary sale on the open market. Such withholdings are common and generally do not signal insider sentiment about the company’s stock price.
Insider Transaction Report
Form 4
MURSTEIN ALVIN
DirectorSee Remarks
Transactions
- Tax Payment
Common Stock
[F1]2026-03-01$10.09/sh−11,973$120,808→ 294,967 total
Holdings
- 1,358,300(indirect: See Footnote)
Common Stock
[F2] - 117,660(indirect: See Footnote)
Common Stock
[F3] - 5,000(indirect: See Footnote)
Common Stock
[F4]
Footnotes (4)
- [F1]Shares withheld by the Issuer to satisfy tax obligations arising upon vesting of restricted stock awards 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.
- [F2]Represents shares beneficially owned by the Alvin Murstein Second Family Trust of which Mr. Murstein is a co-trustee and the beneficiary.
- [F3]Represents beneficially owned by the Aileen J. Murstein Family 2012 Trust of which Mr. Murstein is the grantor and Mr. Murstein's spouse is a co-trustee and the beneficiary.
- [F4]Represents shares owned by Mr. Murstein's spouse.
Signature
/s/ Alvin Murstein|2026-03-02