Haley David Justin 4

What Happened
Haley David Justin, President of Medallion Bank, received 39,152 shares on March 10, 2026 upon vesting of previously granted performance units (award code A). To satisfy tax withholding obligations, 17,168 of those shares were withheld by the issuer at a withholding price of $9.59 per share (code F), valued at $164,641. The award shares were issued at $0.00 cost; the net shares delivered to Justin after withholding were 21,984.

Key Details

• Transaction date: 2026-03-10. Filing date: 2026-03-11 (timely filing).
• Award: 39,152 shares acquired at $0.00 on vesting (performance units under 2018 Equity Incentive Plan).
• Tax withholding: 17,168 shares withheld at $9.59 per share, total value $164,641 (disposition code F for tax payment).
• Net shares received: 21,984 (39,152 issued − 17,168 withheld).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — shares resulted from vesting of previously granted performance units under the 2018 Equity Incentive Plan. F2 — shares were withheld by the issuer to satisfy tax obligations; withholding was exempt under Rule 16b-3.
• Transaction codes: A = Award/Acquisition; F = Tax withholding/payment of tax liability.

Context

• This was a vesting/award event, not an open-market purchase or sale. Withholding shares to cover taxes is a routine administrative disposition and does not necessarily indicate a decision to sell shares for cash.
• Performance units converted into shares on vesting; because some shares were retained for taxes, fewer shares were delivered to the insider than were granted.