Management ChangeJun 26, 2026, 08:32 AM
Medallion Bank CEO Donald Poulton Retires; Stock Vests
AI Summary
Medallion Bank's Chief Executive Officer, Donald S. Poulton, is retiring effective June 30, 2026. In connection with his retirement, 92,978 shares of his unvested restricted stock vested fully on June 25, 2026. His vested stock options will retain their original expiration dates, as his transition to a director role on Medallion Bank's Board is not considered a termination. Additionally, Mr. Poulton is eligible for a discretionary annual cash bonus, which will be determined in the first quarter of 2027.
Key Highlights
- Donald S. Poulton retired as Chief Executive Officer of Medallion Bank.
- Retirement is effective June 30, 2026.
- 92,978 shares of Mr. Poulton's unvested restricted stock vested in full on June 25, 2026.
- His change to a director on Medallion Bank's Board will not be a termination for vested stock options.
- Vested stock options' expiration dates will remain unchanged.
- Mr. Poulton is eligible for a discretionary annual cash bonus, to be determined in Q1 2027.
Price Impact
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