MURSTEIN ALVIN 4
4 · MEDALLION FINANCIAL CORP · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Medallion Financial (MFIN) Executive Chairman Alvin Murstein Receives Award
What Happened
Alvin Murstein, Executive Chairman of Medallion Financial Corp. (MFIN), received 72,103 shares on 2026-03-10 upon vesting of previously granted performance units (awarded at $0.00). To satisfy tax obligations, 36,809 of those shares were withheld by the issuer at $9.59 per share, a withholding value of $352,998. Net shares added to his position from this vesting were 35,294 shares.
Key Details
- Transaction date: 2026-03-10; Form 4 filed 2026-03-11 (appears timely).
- Award/acquisition: 72,103 shares acquired at $0.00 (vesting of performance units).
- Tax withholding/disposition: 36,809 shares withheld @ $9.59 = $352,998 (reported as a disposition to cover taxes).
- Net new shares from the vesting: 35,294 (72,103 − 36,809).
- Footnotes: shares vested under the Medallion Financial 2018 Equity Incentive Plan; withholding was done by the issuer under an exemption (Rule 16b-3). Additional footnotes reference shares beneficially owned by family trusts and spouse.
- Shares owned after the transaction are not specified in the filing.
Context
This was a standard vesting of performance-based equity, not an open-market purchase or a discretionary sale; the "disposed" shares were withheld solely to cover taxes (a routine cashless withholding). Such award vestings are common executive compensation events and do not, by themselves, indicate a change in insider sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-10+72,103→ 367,070 total - Tax Payment
Common Stock
[F2]2026-03-10$9.59/sh−36,809$352,998→ 330,261 total
- 1,358,300(indirect: See Footnote)
Common Stock
[F3] - 117,660(indirect: See Footnote)
Common Stock
[F4] - 5,000(indirect: See Footnote)
Common Stock
[F5]
Footnotes (5)
- [F1]Represents shares received upon vesting of performance units granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan.
- [F2]Shares withheld by the Issuer to satisfy tax obligations arising upon vesting of performance unit 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]Represents shares beneficially owned by the Alvin Murstein Second Family Trust of which Mr. Murstein is a co-trustee and the beneficiary.
- [F4]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.
- [F5]Represents shares owned by Mr. Murstein's spouse.