Form 4: Donnelley Financial Solutions CFO David Gardella Reports Tax Liability Stock Transaction
SEC Form 4 Filing
David Gardella, CFO 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, David A. Gardella, Chief Financial Officer of Donnelley Financial Solutions, Inc. (DFIN), had 7,168 shares of common stock withheld to cover a tax liability.
- The shares were withheld at a price of $64.58 per share.
- Following the transaction, Gardella directly owns 170,091 shares of DFIN common stock.
- This total includes 118,445 shares held directly, 15,271 restricted stock units, and 36,375 earned performance share units with additional service-based vesting.
Sentiment
Score: 7
Explanation: The document is neutral in sentiment as it reports a routine transaction related to tax obligations. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax liability event related to the vesting of stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax-related event for an executive.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of the stock transaction (shares withheld for tax liability). |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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