CRANDALL RICHARD L 4

What Happened

Richard L. Crandall, a director of Donnelley Financial Solutions, received a grant of 5,864 restricted stock units (RSUs) on May 13, 2026 (transaction code A – award/grant). The filing lists no per-share price or immediate cash value because RSUs are payable in shares rather than a purchase or sale. Under the grant terms, the RSUs are payable in common stock on the first anniversary of the grant date or earlier if he ceases to be a director; Crandall may also defer payment until he leaves the board (see footnote F1).

Key Details

• Transaction date: 2026-05-13 (Filed: 2026-05-15 — appears timely)
• Transaction type: Award/Grant (A) — 5,864 RSUs; price: N/A
• Reported holdings per filing (footnote F2): 64,573 shares held directly and 50,048 RSUs (114,621 total reported beneficial interest)
• Vesting/payment: RSUs payable in shares on the first anniversary or upon cessation of directorship; deferral option available (Footnote F1)
• No indication of a 10b5-1 plan, tax withholding, or late filing in this report

Context

RSUs are restricted awards that convert to shares when they vest or are paid; they do not involve an open-market purchase or sale and therefore are less directly informative about an insider’s near-term market view. This report documents a compensation-related grant to a non-employee director and should be viewed as routine board compensation unless additional trading or sales follow.