Medallion Financial (MFIN) CFO receives 24,493-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Medallion Financial Corp.’s Chief Financial Officer, Anthony N. Cutrone, reported an acquisition of 24,493 shares of common stock on a Form 4. These are restricted shares granted at $0 per share under the company’s 2018 Equity Incentive Plan.
After this award, Cutrone directly holds 115,556 common shares. The restricted stock will vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, tying compensation to multi‑year service and performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cutrone Anthony N.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,493 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 115,556 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Medallion Financial (MFIN) report for its CFO?
Medallion Financial’s CFO received a grant of 24,493 restricted shares. The Form 4 shows these common shares were awarded at $0 per share under the 2018 Equity Incentive Plan, increasing his directly held stake to 115,556 shares after the transaction.
Was the Medallion Financial (MFIN) CFO’s Form 4 transaction a purchase or a grant?
The transaction was a grant, not an open-market purchase. It is coded as an acquisition (Code A) representing restricted shares awarded under the 2018 Equity Incentive Plan, with a $0 per-share price, reflecting equity compensation rather than a cash stock purchase.
What are the vesting terms for the Medallion Financial (MFIN) CFO’s restricted stock grant?
The 24,493 restricted shares vest in three equal annual installments. According to the filing, vesting occurs on March 1, 2027, March 1, 2028, and March 1, 2029, creating a multi-year incentive for the CFO to remain with Medallion Financial.
Under which plan was the Medallion Financial (MFIN) CFO’s stock award granted?
The restricted stock was granted under the 2018 Equity Incentive Plan. The Form 4 footnote explains that the 24,493 restricted shares of common stock were awarded pursuant to Medallion Financial Corp.’s 2018 Equity Incentive Plan, a framework for equity-based executive compensation.
What does transaction code "A" mean in the Medallion Financial (MFIN) CFO Form 4?
Transaction code “A” indicates an acquisition by grant or award. In this Form 4, it reflects the CFO’s receipt of 24,493 restricted common shares at $0 per share as part of his equity compensation, rather than a market purchase or sale.