No meaningful insider sentiment signal here — activity is administrative. Traders should ignore this cluster unless accompanied by open-market purchases or larger-scale selling in future filings.
Price Chart
Executive Summary
A cluster of insider transactions at Donnelley Financial Solutions (DFIN) over the past week consists primarily of tax withholding events (F transactions) involving senior executives surrendering shares to cover tax obligations, alongside one open-market sale by Chief People & Admin Officer Robert Kirk Williams. These are non-cash, routine transactions tied to equity compensation vesting, not discretionary trading decisions.
Key Financial Metrics
Key Facts
- All transactions except one are tax withholding events (F code), where insiders surrendered shares to cover tax liabilities from vested equity awards.
- CEO Daniel Leib, CFO David Gardella, and other C-suite executives participated in these non-cash transactions.
- Only one open-market sale (S code) occurred: Robert Kirk Williams sold 4,237 shares for $221,556.
- Total value of all transactions: ~$1.75M, but $1.53M of that is non-cash tax withholding.
- Open-market selling represents just 0.016% of DFIN's $1.4B market cap — well below materiality threshold.
Financial Impact
$221.6K in open-market selling, $1.53M in non-cash tax withholding
Risk Factors
- Misinterpretation of tax withholding events as insider selling pressure
- Potential perception of lack of confidence if executives consistently sell rather than hold vested shares
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (10 trades, 7d window) | cluster-DFIN-1772752363557 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | Press Release | $51.81 | awaiting T+20 | — | $54.21 (+4.63%) |
Sep 8, 2026 7w ago | Insider Cluster | $48.86 $49.80 | ▲ +1.92% | ▼ −0.02% | $54.21 (+10.95%) |
Sep 3, 2026 7w ago | Insider Buy | $50.92 $48.28 | ▼ −5.18% | ▼ −5.79% | $54.21 (+6.46%) |
Jul 30, 2026 12w ago | 8-K | $47.03 $47.96 | ▼ −1.98% | ▲ +1.99% | $54.21 (−15.27%) |
Jul 16, 2026 14w ago | Press Release | $49.95 | awaiting T+20 | — | $54.21 (+8.53%) |
May 5, 2026 25w ago | 8-K | $42.73 $39.81 | ▼ −6.83% | ▼ −11.79% | $54.21 (+26.87%) |
Apr 21, 2026 27w ago | 8-K | $53.02 $39.26 | ▼ −25.95% | ▼ −30.87% | $54.21 (+2.24%) |
Apr 1, 2026 29w ago | DEFA14A | $46.06 $51.12 | ▲ +10.99% | ▲ +1.26% | $54.21 (+17.69%) |
Feb 26, 2026 34w ago | Insider Cluster | $49.74 $46.93 | ▼ −5.65% | ▲ +0.75% | $54.21 (+8.99%) |
US Market Status
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