Form 4: D&B CFO Disposes Shares for Tax Obligations

Dun & Bradstreet's CFO, Bryan T. Hipsher, disposed of 20,637 common shares at $9.11 each to cover tax withholding obligations.

Summary

• Bryan T. Hipsher, Chief Financial Officer of Dun & Bradstreet Holdings, Inc. (DNB), disposed of 20,637 shares of common stock.
• The transaction occurred on August 5, 2025, at a price of $9.11 per share.
• This disposition was coded as 'F', indicating it was to satisfy tax withholding obligations related to equity awards.
• Following this transaction, Mr. Hipsher directly beneficially owns 1,945,066.7752 shares and indirectly owns 29,000 shares through The Percy Stewart Trust.
• The direct beneficial ownership amount was adjusted to reflect shares acquired through participation in the Dun & Bradstreet Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The transaction is a routine tax-related disposition of shares, not a discretionary sale, which is generally viewed as neutral to slightly positive as it indicates vesting of equity awards. The CFO retains a significant stake.

Positives

• The disposition was for tax withholding purposes, not a discretionary sale, which is a routine event for equity compensation.
• Mr. Hipsher retains a substantial beneficial ownership of over 1.9 million shares directly and 29,000 shares indirectly, indicating continued alignment with shareholder interests.

Negatives

• A reduction in direct beneficial ownership, even for tax purposes, slightly decreases the officer's direct stake in the company.

Future Outlook

NA

Industry Context

This filing is specific to Dun & Bradstreet and its CFO's equity holdings; it does not provide broader industry context.

Related Party Transactions

• Bryan T. Hipsher indirectly owns 29,000 shares through The Percy Stewart Trust.

Stakeholder Impact

• Shareholders: The disposition is a routine tax-related event and does not signal a lack of confidence, especially given the CFO's substantial remaining holdings.

Key Dates

Recommendation

The filing details a routine, non-discretionary disposition of shares by the CFO for tax purposes, which is a common occurrence with equity compensation. It does not indicate a change in the company's fundamentals or the CFO's confidence. The CFO retains a significant beneficial ownership, aligning their interests with shareholders. Therefore, this specific filing does not warrant a change in investment recommendation.

Keywords

Dun & Bradstreet, DNB, SEC Form 4, Insider Transaction, Bryan T. Hipsher, Chief Financial Officer, Stock Disposition, Tax Withholding, Equity Compensation