Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when MFIN files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsMedallion Bank CEO Poulton retires June 30; receives 92,978 accelerated shares
Filed June 26, 2026 · Period ending June 25, 2026 · ~1 min read
Key Changes
-
medium
Donald Poulton retires as Medallion Bank CEO effective June 30, 2026, but remains on the bank's board. Compensation Committee accelerated vesting of 92,978 unvested restricted shares on June 25.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
low
Poulton's stock options retain original expiration dates despite CEO departure, as his transition to director role will not be treated as termination under the 2018 Equity Incentive Plan.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
low
Poulton remains eligible for discretionary 2026 annual cash bonus despite mid-year retirement; amount to be determined in Q1 2027.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Medallion Financial disclosed the planned retirement of Donald Poulton as CEO of its banking subsidiary, Medallion Bank, effective June 30, 2026. The Compensation Committee accelerated vesting of 92,978 unvested restricted shares on June 25, allowing Poulton to realize the full equity value immediately rather than over the original vesting schedule.
His stock options will retain their original expiration dates because his transition to a board director role is not treated as a termination event under the company's equity plan. This appears to be an orderly succession rather than an abrupt departure. Poulton will remain on Medallion Bank's board, preserving institutional knowledge and continuity.
The accelerated vesting and bonus eligibility are standard retention and transition incentives for a retiring executive who continues to serve in a governance capacity. Investors should watch for disclosure of Poulton's successor and any strategic shifts at the bank subsidiary.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
In connection with Donald S. Poulton’s retirement, effective June 30, 2026, from his position as Chief Executive Officer of Medallion Bank, on June 25, 2026, the Compensation Committee (the “Committee”) of the Board of Directors of Medallion Financial Corp. (the “Company”) (i) approved the accelerated vesting of Mr. Poulton’s shares of unvested restricted stock, such that Mr. Poulton’s 92,978 shares of unvested restricted stock vested in full on June 25, 2026 and (ii) determined that Mr. Poulton’s change in status from an employee of Medallion Bank to a director on Medallion Bank's Board of Directors will not be deemed a termination under the terms of the Company’s 2018 Equity Incentive Plan, as amended, with respect to Mr. Poulton’s vested stock options, such that the applicable expiration dates will remain unchanged.
Donald Poulton is retiring as CEO of Medallion Bank (the Company's banking subsidiary) effective June 30, 2026, but will remain on Medallion Bank's board. The Compensation Committee accelerated vesting of 92,978 unvested restricted shares and ruled that his transition to director status will not trigger termination provisions for his stock options, preserving their original expiration dates. This is a planned succession with retention of institutional knowledge through his continued board service.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Additionally, on June 25, 2026, the Committee approved Mr. Poulton’s eligibility for a discretionary annual cash bonus, the amount of which shall be determined in the first quarter of 2027.
Despite retiring mid-year, Poulton remains eligible for a discretionary 2026 annual bonus to be determined in Q1 2027. The amount is not specified and will be set at the Committee's discretion, likely reflecting his partial-year service as CEO.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jun 29, 2026 · How we verify