Rudnick Jeffrey D. 4
Research Summary
AI-generated summary
Medallion Financial (MFIN) EVP Jeffrey Rudnick Withholds 3,298 Shares
What Happened
- Jeffrey D. Rudnick, Executive Vice President of Medallion Financial Corp. (MFIN), had 3,298 shares withheld by the company on 2026-03-01 to satisfy tax obligations arising from the vesting of restricted stock awards.
- The withholding is reported as a disposition of 3,298 shares at $10.09 per share, with a value of approximately $33,277. This was a tax-withholding transaction (code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-01; Filing date: 2026-03-02.
- Price reported: $10.09 per share; Total value: ~$33,277.
- Shares owned after transaction: not disclosed in the provided excerpt of the filing.
- Footnote: Shares were withheld by the issuer to satisfy tax obligations upon vesting of restricted stock awards previously granted under the Medallion Financial Corp. 2018 Equity Incentive Plan; the transaction is exempt under Rule 16b-3.
- No indication in the provided data that this filing was late.
Context
- This was a routine tax-withholding action tied to vested restricted stock, not a sale to a third party — such withholdings are common and do not necessarily indicate insider sentiment about the stock.
- Code F transactions typically reflect tax withholding upon vesting or exercise rather than a discretionary sale or purchase.