Form 4: Donnelley Financial Solutions Director Acquires Shares Through Restricted Stock Units

Director Luis A. Aguilar acquired 4,251 shares of Donnelley Financial Solutions through restricted stock units, increasing his total holdings to 60,764 shares.

Summary

• On May 14, 2025, Luis A. Aguilar, a director of Donnelley Financial Solutions, Inc. (DFIN), acquired 4,251 shares of common stock.
• The acquisition was through the grant of restricted stock units (RSUs) under a Rule 16b-3 plan.
• These RSUs are payable in shares of common stock on the first anniversary of the grant date or when the reporting person ceases to be a director, whichever is earlier.
• Aguilar's total holdings after the transaction amount to 60,764 shares, including 43,509 shares held directly and 17,255 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction (acquisition of shares through RSUs) by a director, which is neither overtly positive nor negative.

Positives

• The acquisition of shares by a director signals confidence in the company's future prospects.

Future Outlook

The RSUs are payable in shares of common stock on the first anniversary of the grant date or when the reporting person ceases to be a director, if earlier. Additionally, the reporting person may defer payment of any vesting of shares until the date such person ceases to be a director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the trading activities of company insiders, such as directors and officers.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders, as it aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Director, Donnelley Financial Solutions, DFIN, Aguilar