Donnelley Financial (DFIN) CEO Daniel Leib Sells 9,787 Shares

What Happened

• Daniel Leib, Chief Executive Officer of Donnelley Financial Solutions, sold 9,787 shares in an open‑market transaction on August 19, 2026. The shares were sold at $50.00 per share for gross proceeds of $489,350. This was a sale (not a purchase), which is often routine insider liquidity rather than a signal of company outlook.

Key Details

• Transaction date and price: Aug 19, 2026 — 9,787 shares sold at $50.00 each.
• Gross proceeds: $489,350.
• Reported holdings (per footnote F1): 507,834 shares held directly, plus 94,031 restricted stock units (RSUs) and 9,450 earned performance share units (PSUs) subject to additional service‑based vesting (total cited interest = 611,315, though RSUs/PSUs have vesting conditions).
• Filing: Form 4 filed Aug 21, 2026 (timely — filed within the required reporting window).
• Transaction code: S = Sale (open market or private sale).

Context

• Sales by executives can be for many reasons (diversification, taxes, liquidity) and do not by themselves indicate company performance. The holding detail shows substantial remaining direct and unvested equity exposure for the CEO.