Form 4: Donnelley Financial Solutions Director Richard L. Crandall Reports Acquisition of Shares and Correction of Previous Reporting Error

Director Richard L. Crandall reports acquiring shares of Donnelley Financial Solutions and correcting an administrative error in a previous filing.

Summary

• Richard L. Crandall, a director of Donnelley Financial Solutions, Inc. (DFIN), filed a Form 4 on May 17, 2024, reporting a transaction on May 15, 2024.
• Crandall acquired 3,587 shares of common stock.
• The filing also notes a correction to a previous report due to an administrative error, which resulted in an increase of 1,001 shares to Crandall's holdings.
• Following the reported transaction, Crandall beneficially owns 103,443 shares, including directly held shares and restricted stock units (RSUs).

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing primarily reports a routine transaction and a correction of a previous error. There are no explicit positive or negative implications for the company's performance.

Positives

• The correction of the administrative error provides a more accurate representation of Crandall's holdings.

Future Outlook

The RSUs are payable in shares of common stock on the first anniversary of the grant date or when the reporting person ceases to be a director, if earlier. Additionally, the reporting person may defer payment of any vesting of shares until the date such person ceases to be a director.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates