Form 4: Donnelley Financial Solutions Director Jeffrey Jacobowitz Sells Shares

Director Jeffrey Jacobowitz reports selling shares of Donnelley Financial Solutions (DFIN) between May 9 and May 13, 2024.

Summary

• Jeffrey Jacobowitz, a director of Donnelley Financial Solutions, reported the sale of common stock between May 9 and May 13, 2024.
• The sales were executed at varying prices, ranging from $61.60 to $62.77 per share.
• On May 9, 2024, 27,705 shares were sold at a weighted average price of $62.3798.
• On May 10, 2024, two transactions occurred: 53,507 shares were sold at $61.9366 and 305 shares were sold at $62.67.
• On May 13, 2024, 106,166 shares were sold at a weighted average price of $61.84.
• Following these transactions, Jacobowitz indirectly beneficially owns 1,479,792 shares through Simcoe Partners, Simcoe Select, and SDR Partners.
• Jacobowitz also directly owns 46,302 shares, including 10,214 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, which is neutral in sentiment. It simply reports the sale of shares by a company director.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider. It's common for directors and officers to buy and sell shares of their company's stock, and these transactions are closely monitored by regulators and investors for insights into management's view of the company's prospects.

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.

Key Dates