Cutrone Anthony N. 4

What Happened

• Anthony N. Cutrone, Chief Financial Officer of Medallion Financial Corp. (MFIN), received 84,858 shares on March 10, 2026 upon the vesting of previously granted performance units (award code A). Simultaneously, 41,622 shares were withheld by the issuer to satisfy tax obligations (disposition code F) at a withholding value of $9.59 per share, totaling $399,155. The Form 4 covering these transactions was filed on March 11, 2026 (timely).

Key Details

• Transaction dates and prices:
  • 2026-03-10: Award (A) — 84,858 shares received at $0.00 (vesting of performance units).
  • 2026-03-10: Tax withholding (F) — 41,622 shares withheld/disposed at $9.59 per share; total value $399,155.
• Shares owned after transaction: Not reported in the filing.
• Footnotes:
  • F1 — Shares represent vested performance units granted under the 2018 Equity Incentive Plan.
  • F2 — Shares were withheld by the issuer to satisfy tax obligations arising on vesting (transaction exempt under Rule 16b-3).
• Filing timeliness: Report filed 2026-03-11 for a 2026-03-10 event — appears timely (filed next day).

Context

• This was not an open-market buy or sale for investment purposes. The 84,858 shares reflect a compensation vesting event; the 41,622-share disposition is a standard issuer withholding to cover tax liabilities (a cashless withholding), not a market sale that signals sentiment. Such withholding is common when equity awards vest.