Donnelley Financial Solutions, Inc.: directors' dealings · United States · SEC (Form 4)

About Donnelley Financial Solutions, Inc.

Donnelley Financial Solutions, Inc. (NYSE: DFIN) is a specialized provider of software, technology-enabled services, and communications solutions serving public companies, private issuers, mutual funds, and other highly regulated clients. Headquartered in Chicago, Illinois, United States, the company became an independent public company in October 2016 following its spin-off from R.R. Donnelley & Sons Company. For investors, DFIN should be viewed less as a traditional printer and more as a regulatory workflow, disclosure, and compliance platform with a business model increasingly tilted toward software and recurring services. ([investor.dfinsolutions.com](https://investor.dfinsolutions.com/press-releases/news-details/2016/Donnelley-Financial-Solutions-Debuts-as-an-Independent-Company-Following-Spin-Off-From-RR-Donnelley--Sons-Company/default.aspx?utm_source=openai)) DFIN reports its business through four operating and reportable segments centered on two end markets: Capital Markets and Investment Companies. Its offering spans software solutions, tech-enabled services, and print and distribution where still required by regulation or client preference. This mix matters strategically: the company is steadily shifting away from physical document delivery and toward cloud-based filing, disclosure automation, virtual data rooms, and compliance workflow tools. Recent annual-report disclosure makes clear that clients are increasingly adopting software solutions alongside tech-enabled services, while print and distribution continues to decline structurally over time. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1669811/000119312526054586/dfin-20251231.htm?utm_source=openai)) Its flagship solutions include Venue, DFIN’s virtual data room platform, and ActiveDisclosure, its disclosure and reporting software. In 2025, DFIN introduced Active Intelligence™, an AI suite designed to enhance efficiency, accuracy, and actionable insights across its software platform. That launch is significant because it reinforces the company’s positioning as a modern compliance technology provider rather than a legacy services vendor, and it supports the strategic shift toward higher-quality, more predictable revenue streams. ([investor.dfinsolutions.com](https://investor.dfinsolutions.com/press-releases/news-details/2025/DFIN-Launches-Active-Intelligence-its-AI-Suite-Driving-Smarter-Compliance/default.aspx?utm_source=openai)) From a competitive standpoint, DFIN competes on domain expertise, regulatory know-how, client trust, and workflow integration. Those factors create meaningful switching costs in an industry where accuracy, timeliness, and compliance are mission-critical. The company’s latest results also point to a successful portfolio transition: in 2025, software solutions became a larger share of consolidated sales, while management highlighted margin expansion and strong free cash flow generation. In early 2026, the board authorized a new share repurchase program of up to $150 million, underscoring balance-sheet flexibility and capital-return discipline. ([investor.dfinsolutions.com](https://investor.dfinsolutions.com/press-releases/news-details/2026/DFIN-Reports-Fourth-Quarter-and-Full-Year-2025-Results/default.aspx?utm_source=openai)) Geographically, DFIN is a U.S.-based issuer but operates with an international footprint to support global capital-markets and investment-company clients. The company has historically described a broad network of locations serving clients across multiple countries, reflecting the cross-border nature of regulatory reporting and shareholder communications. Overall, DFIN is a NYSE-listed United States company whose investment case combines regulatory relevance, ongoing digital transformation, and improving earnings quality as the mix shifts toward software-led offerings. ([investor.dfinsolutions.com](https://investor.dfinsolutions.com/press-releases/news-details/2018/Donnelley-Financial-Solutions-Enters-into-Strategic-Arrangement-with-MSCI-to-Help-Firms-Meet-SEC-Reporting-Requirements/default.aspx?utm_source=openai))