Daniel Leib - 03 Mar 2023 Form 4 Insider Report for Donnelley Financial Solutions, Inc. (DFIN)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: DFIN
Reported as of: 03 Mar 2023
Net transaction value: -$1,005,990
SEC form: 4
Accepted by SEC: 07 Mar 2023, 16:53:05 UTC
Prior SEC filing: 06 Mar 2023
Next SEC filing: 10 Mar 2023
Source filing: View source filing
Reporting owner signature: Jennifer Reiners, pursuant to power of attorney

Key filing fact

Daniel Leib filed Form 4 for Donnelley Financial Solutions, Inc. (DFIN) on 07 Mar 2023.

Key facts

This page summarizes Daniel Leib's Form 4 filing for Donnelley Financial Solutions, Inc. (DFIN).
6 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 07 Mar 2023, 16:53.

Change

Previous filing in this sequence was filed on 06 Mar 2023.
Current net transaction value: -$1,005,990.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DFIN transaction

Common Stock

Tax liability

Transaction value: $352,879
Shares: -8,432
Change %: -1.5%
Price: $41.85
Shares after: 559,775
Date: 03 Mar 2023
Ownership: Direct
Footnotes: F1

DFIN transaction

Common Stock

Tax liability

Transaction value: $269,472
Shares: -6,439
Change %: -1.2%
Price: $41.85
Shares after: 553,336
Date: 03 Mar 2023
Ownership: Direct
Footnotes: F1

DFIN transaction

Common Stock

Award

Transaction value: $2,704,975
Shares: +64,635
Change %: +12%
Price: $41.85
Shares after: 617,971
Date: 03 Mar 2023
Ownership: Direct
Footnotes: F2

DFIN transaction

Common Stock

Tax liability

Transaction value: $3,088,614
Shares: -73,802
Change %: -12%
Price: $41.85
Shares after: 544,169
Date: 03 Mar 2023
Ownership: Direct
Footnotes: F3

DFIN transaction

Common Stock

Award

Transaction value
Shares: +56,151
Change %: +10%
Price
Shares after: 600,320
Date: 03 Mar 2023
Ownership: Direct
Footnotes: F4

DFIN transaction

Common Stock

Award

Transaction value
Shares: +37,154
Change %: +6.2%
Price
Shares after: 637,474
Date: 03 Mar 2023
Ownership: Direct
Footnotes: F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Shares were withheld as payment of a tax liability incident to vesting of restricted stock units issued in accordance with Rule 16b-3.

Footnote F2

Represents earned portions of Company granted PSUs issued in 2020 pursuant to a Rule 16b-3 plan for which performance has been determined. On March 3, 2023, the Compensation Committee determined the achievement of the performance goals for 2022 and 2020-2022, resulting in 20,730 and 43,905 earned stock units, respectively. The Compensaiton Committee had previously determined the achievement of the performance goals for 2020 and 2021, resulting in 41,611 and 60,350 earned stock units. The total earned stock units of 166,596 were delivered on March 3, 2023.

Footnote F3

Shares were withheld as payment of a tax liability incident to vesting of performance stock units issued in accordance with Rule 16b-3.

Footnote F4

Represents earned portions of Company granted PSUs issued in 2021 and 2022 pursuant to a Rule 16b-3 plan for which performance has been determined. 25% of each of the 2021 and 2022 PSUs are subject to performance goals for 2022. On March 3, 2023, the Compensation Committee determined the achievement of the performance goals for 2022, resulting in 25,230 and 30,921 earned stock units, for the 2021 and 2022 PSUs respectively, all of which remain subject to service-based vesting until cumulative performance of the PSU goals is determined after the close of the 2023 and 2024 performance year, as applicable

Footnote F5

Company granted restricted stock units ("RSUs") issued pursuant to a Rule 16b-3 plan. The RSUs vest three equal annual installments beginning on March 3, 2024.

Footnote F6

Includes 438,068 shares held directly, 85,255 restricted stock unit, and 114,151 earned performance share units with additional service-based vesting.