Form 4: Donnelley Financial Solutions Director Transfers Shares in Separation Agreement

Gary G. Greenfield, a director at Donnelley Financial Solutions, transferred 29,123.5 shares of common stock to his ex-spouse as part of a separation agreement.

Summary

• Gary G. Greenfield, a director at Donnelley Financial Solutions, filed a Form 4 indicating a change in beneficial ownership.
• On November 13, 2024, Mr. Greenfield transferred 29,123.5 shares of Donnelley Financial Solutions common stock to his ex-spouse.
• This transfer was made pursuant to a separation agreement.
• Following the transaction, Mr. Greenfield directly owns 42,127.5 shares, which includes 13,004 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting a personal transaction by a director and not indicative of company performance or outlook.

Industry Context

This is a standard SEC filing related to changes in beneficial ownership by a company director, and is not indicative of any broader industry trends.

Comparison to Industry Standards

• Form 4 filings are a common occurrence for publicly traded companies, as they are required by the SEC to disclose changes in beneficial ownership by insiders.
• The transfer of shares due to a separation agreement is a personal matter and does not reflect the company's performance or outlook.
• Similar filings are made by directors and officers of other publicly traded companies such as R.R. Donnelley & Sons Company (RRD) and other financial services firms.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a personal matter for the director and does not affect the company's operations or financial position.

Key Dates

Keywords

Form 4, Beneficial Ownership, Donnelley Financial Solutions, Director, Stock Transfer, Separation Agreement, DFIN, Gary G. Greenfield