Medallion Financial exec shares withheld for taxes
Medallion Financial Corp executive Donald S. Poulton reported a tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Medallion Financial Corp executive Donald S. Poulton reported a tax-related share disposition. On June 25, 2026, 40,770 shares of Common Stock were withheld by the company at $9.97 per share to satisfy tax obligations from vesting restricted stock awards under the 2018 Equity Incentive Plan. After this withholding, Poulton directly owned 278,247 common shares. This was a compensation- and tax-driven event, not an open‑market stock sale.
Insider Trade Summary
Exercise Price or Tax Liability: 40,770 shares
Exercise Price or Tax Liability
1 txn
Insider
Poulton Donald S.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 40,770 | $9.97 | $406K |
Holdings After Transaction:
Common Stock — 278,247 shares (Direct)
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.
Key Figures
Shares withheld for taxes: 40,770 shares
Reported price per share: $9.97 per share
Shares owned after transaction: 278,247 shares
3 metrics
Shares withheld for taxes
40,770 shares
Common Stock withheld to satisfy tax obligations on vesting awards
Reported price per share
$9.97 per share
Value used for the 40,770 withheld shares
Shares owned after transaction
278,247 shares
Donald S. Poulton’s direct Common Stock holdings after withholding
Key Terms
restricted stock awards, Rule 16b-3, 2018 Equity Incentive Plan, tax-withholding disposition
4 terms
restricted stock awards financial
"tax obligations arising upon vesting of restricted stock awards granted previously"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
Rule 16b-3 regulatory
"in a transaction exempt under Rule 16b-3 under the Securities Exchange Act"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
2018 Equity Incentive Plan financial
"granted previously under the Medallion Financial Corp. 2018 Equity Incentive Plan"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Medallion Financial Corp (MFIN) report in Donald S. Poulton’s Form 4?
Medallion Financial Corp reported that 40,770 shares of Common Stock were withheld from Donald S. Poulton to cover taxes on vesting restricted stock awards, leaving him with 278,247 directly owned shares after the transaction.
Was Donald S. Poulton’s Medallion Financial (MFIN) transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by Medallion Financial to satisfy Poulton’s tax obligations arising from vesting restricted stock awards granted under the 2018 Equity Incentive Plan.
Under which plan were Donald S. Poulton’s restricted stock awards granted at Medallion Financial?
The restricted stock awards were granted under the Medallion Financial Corp 2018 Equity Incentive Plan. The Form 4 footnote explains that shares were withheld to satisfy tax obligations arising when these restricted stock awards vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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