Ellis Juliet S 4

What Happened

• Juliet S. Ellis, a director of Donnelley Financial Solutions (DFIN), received an award of 4,265 restricted stock units (RSUs) on 2026-05-13. The grant is a compensation award (no cash paid or received) and the filing lists the grant price as N/A since RSUs are paid in shares rather than bought.
• These RSUs are payable in common stock on the first anniversary of the grant date or earlier if Ellis ceases to be a director; she may also elect to defer payment until she leaves the board (see footnote).

Key Details

• Transaction date: 2026-05-13; Form 4 filed: 2026-05-15 (filed within the typical 2-business-day window).
• Transaction type: Award/Grant (A) — 4,265 RSUs; price listed as N/A (typical for RSU grants).
• Reported beneficial ownership after the transaction (per filing): includes 43,214 shares held directly and 21,520 restricted stock units (footnote F2).
• Footnote F1: RSUs issued under a Rule 16b-3 plan, payable on first anniversary or upon termination as noted; deferral option available.

Context

• This was a non-cash compensation grant, not an open-market purchase or sale — such awards are routine for directors and reflect company compensation practices rather than an immediate trading signal.
• For retail investors, awards increase the insider’s potential future stake but do not by themselves indicate buying or selling intent.