Munson Thomas J. 4
4 · MEDALLION FINANCIAL CORP · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Medallion Financial (MFIN) Chief Credit Officer Withholds 6,107 Shares
What Happened
Thomas J. Munson, Chief Credit Officer and Executive Vice President of Medallion Financial Corp. (MFIN), had 6,107 shares withheld by the company on 2026-03-01 to satisfy tax obligations arising from the vesting of previously granted restricted stock awards. The withholding was at $10.09 per share, totaling approximately $61,620. The filing records this as a disposition via tax withholding (transaction code F).
Key Details
- Transaction date: 2026-03-01; Filing date (Form 4): 2026-03-02.
- Withheld shares: 6,107 at $10.09 per share; total value ≈ $61,620.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: Shares were withheld by the issuer to satisfy tax obligations on vested restricted stock awards under the Medallion Financial Corp. 2018 Equity Incentive Plan; transaction exempt under Rule 16b-3.
- Filing does not indicate a late report.
Context
This was a routine tax-withholding event tied to vesting of restricted stock—not an open-market sale or a buy. Such withholdings are common and generally reflect tax obligations rather than a deliberate decision to sell shares for investment reasons.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-01$10.09/sh−6,107$61,620→ 61,809 total
Footnotes (1)
- [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.