Form 4: Donnelley Financial Solutions Director Jeffrey Jacobowitz Sells Shares
SEC Form 4 Filing
Director Jeffrey Jacobowitz reports selling shares of Donnelley Financial Solutions (DFIN) between September 18 and September 20, 2024.
Summary
- Jeffrey Jacobowitz, a director of Donnelley Financial Solutions, reported the sale of common stock between September 18 and September 20, 2024.
- The sales were executed at various prices ranging from approximately $67.00 to $70.21 per share.
- On September 18, 2024, Jacobowitz sold 14,908 shares at a weighted average price of $68.375, 57,346 shares at $69.7198, and 1,100 shares at $70.18.
- On September 19, 2024, he sold 26,754 shares at a weighted average price of $68.7228, 53,715 shares at $69.8016, and 121 shares at $70.2041.
- On September 20, 2024, Jacobowitz sold 86,728 shares at a weighted average price of $67.0671, 27,462 shares at $68.4917, and 465 shares at $69.1689.
- Following these transactions, Jacobowitz indirectly beneficially owns 1,008,206 shares through Simcoe Partners, L.P. and SDR Partners, LLC.
- Jacobowitz also directly owns 49,092 shares, which includes 36,088 shares held directly and 13,004 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- Similar filings are made by directors and officers of companies like R.R. Donnelley & Sons Co. and other competitors in the financial communications and services industry.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although this is not guaranteed.
- The impact on other stakeholders (employees, customers, suppliers, creditors) is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| 09/18/2024 | Date of first reported transaction (sale of common stock) |
| 09/19/2024 | Date of second reported transaction (sale of common stock) |
| 09/20/2024 | Date of third reported transaction (sale of common stock); Date of report |
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