Form 4: Donnelley Financial Solutions Director Jeffrey Jacobowitz Reports Stock Sales

Director Jeffrey Jacobowitz reports sales of Donnelley Financial Solutions (DFIN) stock on March 6th and 7th, 2024.

Summary

• Jeffrey Jacobowitz, a director of Donnelley Financial Solutions, reported the sale of common stock on March 6th and 7th, 2024.
• On March 6th, 2024, 159,507 shares were sold at a weighted average price of $64.7034, with prices ranging from $64.40 to $65.39 per share.
• An additional 100 shares were sold on March 6th, 2024, at $65.5 per share.
• On March 7th, 2024, sales included 67,901 shares at a weighted average price of $62.1937 (range: $61.75-$62.74), 7,996 shares at $62.9183 (range: $62.75-$63.74), and 18,272 shares at $63.9645 (range: $63.75-$64.73).
• Following these transactions, Jacobowitz indirectly beneficially owns 2,232,487 shares through Simcoe Partners, Simcoe Select, and SDR Partners, and directly owns 46,302 shares, including 10,214 restricted stock units.
• Jacobowitz disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales by a company director, with no inherent positive or negative implications.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, and beneficial owners) of a publicly traded company buy or sell the company's securities.

Stakeholder Impact

• The stock sales could potentially influence investor sentiment, although the impact is likely to be minimal given the overall volume relative to the company's market capitalization.

Key Dates