TANENBAUM ALLAN J 4
Research Summary
AI-generated summary
Medallion Financial (MFIN) Director Allan J. Tanenbaum Receives Award
What Happened
Allan J. Tanenbaum, a director of Medallion Financial Corp. (MFIN), was granted 12,981 restricted stock units (RSUs) on June 9, 2026. The award is reported at a $0.00 per-unit acquisition price (derivative grant), meaning no cash was exchanged at grant and the RSUs represent a contingent right to receive shares in the future.
Key Details
- Transaction date: 2026-06-09; Form filed: 2026-06-10 (timely).
- Transaction type/code: A — Award/Grant of derivative securities (RSUs).
- Quantity: 12,981 RSUs; reported acquisition price: $0.00.
- Vesting/settlement: RSUs will fully vest on June 9, 2027; actual settlement (delivery of shares) is deferred until termination of service as a board member.
- Footnote: Each RSU equals a contingent right to one share.
- Shares owned after transaction: Not specified in the filing.
- Other remark: Power of attorney referenced (filed Oct 30, 2017) for the reporting.
Context
This is a standard equity compensation grant to a director rather than an open-market purchase or sale. RSUs convey potential future ownership if vesting and settlement conditions are met; there was no immediate cash transaction or sale of shares reported.