DFIN Director Joseph L. Binz Buys 20,780 Shares (~$1.0M)

What Happened Joseph L. Binz, a director of Donnelley Financial Solutions, acquired a total of 20,780 shares of DFIN common stock in open-market purchases on Sept. 1–2, 2026, for an aggregate reported cost of $999,990. The filings list three trades: 5,000 shares at $47.75 ($238,750), 10,000 shares at $48.52 ($485,245), and 5,780 shares at $47.75 ($275,995). These were purchases (transaction code P), i.e., insider buys rather than sales.

Key Details

• Transaction dates: Sept. 1, 2026 (two purchases) and Sept. 2, 2026 (one purchase).
• Reported prices and amounts: 5,000 @ $47.75 ($238,750); 10,000 @ $48.52 ($485,245); 5,780 @ $47.75 ($275,995). Aggregate = $999,990.
• Footnote: Reported price reflects a weighted average; purchase price range was $48.1491 to $48.8999 per share. Reporting person will provide details on per-price quantities on request.
• Shares owned after transaction: filing indicates 20,780 shares held directly plus 3,924 restricted stock units.
• Timeliness: Report filed Sept. 3, 2026 for transactions on Sept. 1–2, 2026 (appears timely).

Context These were straightforward open-market purchases by a company director, not option exercises, grants, or gifts. Insider purchases can be of interest to investors as one data point about insider sentiment, but they do not by themselves prove future company performance. The filing does not indicate 10% owner status.