Form 4: Donnelley Financial Solutions CEO Leib Daniel Reports Tax Liability Stock Withholding
SEC Form 4 Filing
CEO Daniel Leib of Donnelley Financial Solutions reports the withholding of shares to cover a tax liability related to vesting restricted stock units.
Summary
- On March 3, 2024, Daniel Leib, CEO of Donnelley Financial Solutions, had shares withheld to cover a tax liability.
- This was incident to the vesting of restricted stock units.
- A total of 20,364 shares of common stock were withheld at a price of $64.58 per share.
- Following the transaction, Leib directly owns 497,110 shares.
- This total includes 343,655 shares held directly, 39,304 restricted stock units, and 114,151 earned performance share units with additional service-based vesting.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax procedures for executive compensation; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the CEO is managing their tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of transaction where shares were withheld for tax liability. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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