Form 4: Donnelley Financial Solutions Director Luis Aguilar Sells Shares

Director Luis Aguilar sold 3,047 shares of Donnelley Financial Solutions (DFIN) at a weighted average price of $63.8442 on February 23, 2024.

Summary

• On February 23, 2024, Luis Aguilar, a director of Donnelley Financial Solutions, Inc. (DFIN), sold 3,047 shares of common stock at a weighted average price of $63.8442.
• The sale was reported on a Form 4 filing with the SEC.
• Following the transaction, Aguilar directly owns 48,380 shares and indirectly owns 10,214 restricted stock units, totaling 58,594 shares.
• The price range for the shares sold was between $63.70 and $64.38 per share.
• Aguilar has granted power of attorney to Leah Trzcinski, David A. Gardella, and William Zola to execute and file Forms 3, 4, 5, and 144 on his behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock sale by a director. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales of shares by company directors are a normal part of corporate governance. It is important to consider the context of the sale, such as the director's overall holdings and any company-specific news, to determine the significance of the transaction.

Comparison to Industry Standards

• Director share sales are common and are usually compared to the director's total holdings and the trading volume of the stock.
• Without more context, it's difficult to compare this sale to industry standards.
• Comparable companies would be other financial solutions providers, and analysis would involve looking at insider trading activity within those firms.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.

Key Dates