Form 4: Director Richard Crandall Receives DFIN Stock Grant

Director Richard L. Crandall was granted 5,864 restricted stock units by Donnelley Financial Solutions, Inc.

Summary

• Director Richard L. Crandall acquired 5,864 restricted stock units (RSUs) on May 13, 2026.
• The grant is part of a Rule 16b-3 plan.
• The RSUs are payable in common stock on the first anniversary of the grant or upon the director's departure from the board, whichever is earlier.
• The reporting person holds a total of 114,621 securities, consisting of 64,573 shares held directly and 50,048 RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Director alignment with shareholder interests through equity-based compensation.

Negatives

• None.

Risks

• None.

Future Outlook

The RSUs vest on the first anniversary of the grant date or upon the director ceasing to serve on the board, with an option to defer payment.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

• The use of RSUs for director compensation is consistent with standard practices for mid-cap financial services and technology companies.
• The vesting schedule aligns with typical one-year director compensation cycles.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation grant.

Next Steps

• Vesting of RSUs on May 13, 2027, or upon the director's departure from the board.

Key Dates

Keywords

DFIN, Donnelley Financial Solutions, Form 4, Insider Transaction, Restricted Stock Units, Director Compensation