Form 4: Donnelley Financial Solutions Director Jeffrey Jacobowitz Sells Shares
SEC Form 4
Director Jeffrey Jacobowitz reports multiple sales of Donnelley Financial Solutions (DFIN) stock between May 6 and May 8, 2024.
Summary
- Jeffrey Jacobowitz, a director of Donnelley Financial Solutions, reported the sale of DFIN common stock over three days.
- On May 6, 2024, he sold 116,501 shares at an average price of $63.5304 and 15,555 shares at an average price of $64.2563.
- On May 7, 2024, he sold 310,932 shares at an average price of $63.2443 and 15,931 shares at an average price of $63.8946.
- On May 8, 2024, he sold 67,343 shares at an average price of $62.024 and 38,750 shares at an average price of $62.9499.
- Following these transactions, Jacobowitz indirectly beneficially owns 1,667,475 shares through Simcoe Partners, Simcoe Select and SDR Partners.
- He also directly owns 46,302 shares, including 10,214 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock sales by a company director; it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies.
Stakeholder Impact
- The stock sales could potentially influence the short-term stock price of Donnelley Financial Solutions.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Sale of 116,501 shares of common stock at $63.5304 and 15,555 shares at $64.2563. |
| 05/07/2024 | Sale of 310,932 shares of common stock at $63.2443 and 15,931 shares at $63.8946. |
| 05/08/2024 | Sale of 67,343 shares of common stock at $62.024 and 38,750 shares at $62.9499. |
| 05/08/2024 | Date of signature for the Form 4 filing. |
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