Director at Donnelley Financial (NYSE: DFIN) granted 3,924 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BINZ JOSEPH LEO reported acquisition or exercise transactions in this Form 4 filing.
Donnelley Financial Solutions, Inc. director Joseph Leo Binz received an equity award in the form of 3,924 restricted stock units (RSUs), reported at a grant price of $0.00 per share, reflecting a compensation grant rather than a market purchase.
The RSUs are scheduled to be paid in shares of common stock on May 13, 2027, which is described as the first anniversary of the 2026 annual meeting, or earlier if he ceases to be a director. Following this grant, Binz is reported as directly holding 3,924 shares/RSUs, and he may elect to defer payment of any vesting until he leaves the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BINZ JOSEPH LEO
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,924 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,924 shares (Direct, null)
Footnotes (1)
- Company granted restricted stock units ("RSUs") issued pursuant to a Rule 16b-3 plan. The RSUs are payable in shares of common stock on May 13, 2027, the first anniversary of the 2026 annual meeting, or when the reporting person ceases to be a director, if earlier. Additionally, the reporting person may defer payment of any vesting of shares until the date such person ceases to be a director. Includes 3,924 restricted stock units.
Key Figures
RSUs granted: 3,924 shares
Grant price per share: $0.00 per share
Total holdings after grant: 3,924 shares/RSUs
+1 more
4 metrics
RSUs granted
3,924 shares
Restricted stock units granted to director on July 1, 2026
Grant price per share
$0.00 per share
Equity compensation, not an open-market purchase
Total holdings after grant
3,924 shares/RSUs
Direct ownership reported following transaction
RSU settlement date
May 13, 2027
Payable in common stock on first anniversary of 2026 annual meeting or earlier departure
Key Terms
restricted stock units, Rule 16b-3 plan, Common Stock
3 terms
restricted stock units financial
"Company granted restricted stock units ("RSUs") issued pursuant to a Rule 16b-3 plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3 plan regulatory
"Company granted restricted stock units ("RSUs") issued pursuant to a Rule 16b-3 plan."
Common Stock financial
"The RSUs are payable in shares of common stock on May 13, 2027"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Donnelley Financial (DFIN) report for Joseph Leo Binz?
Donnelley Financial reported that director Joseph Leo Binz received 3,924 restricted stock units as an equity compensation grant. These RSUs were recorded at a grant price of $0.00 per share, indicating a non-cash award rather than an open-market stock purchase.
When do Joseph Leo Binz’s Donnelley Financial (DFIN) RSUs vest or settle?
The 3,924 restricted stock units are payable in Donnelley Financial common shares on May 13, 2027. This date is described as the first anniversary of the 2026 annual meeting, unless he ceases to be a director earlier, which would accelerate payment timing.
Can Joseph Leo Binz defer payment of his Donnelley Financial (DFIN) RSUs?
Yes. The footnotes state that Joseph Leo Binz may defer payment of any vesting of his restricted stock units. He can choose to delay receipt of the underlying shares until the date he ceases to be a director of Donnelley Financial.
What plan governs Joseph Leo Binz’s RSU grant from Donnelley Financial (DFIN)?
The RSU grant to Joseph Leo Binz was issued under a Rule 16b-3 plan. This indicates the award was made pursuant to a board-approved compensation arrangement designed to comply with insider trading and short-swing profit rules applicable to company insiders.
Was Joseph Leo Binz’s Donnelley Financial (DFIN) RSU award an open-market stock purchase?
No. The Form 4 uses transaction code A, indicating a grant or award acquisition of 3,924 restricted stock units at a price of $0.00 per share. This reflects board-approved equity compensation rather than an open-market purchase of Donnelley Financial stock.