Form 4: Quad/Graphics CFO Staniak Receives Significant Stock Grant

Quad/Graphics' CFO and Treasurer, Anthony Staniak, was granted 114,992 shares of restricted Class A Common Stock, vesting in 2029.

Summary

• Anthony Staniak, CFO and Treasurer of Quad/Graphics, Inc. (QUAD), acquired 114,992 shares of Class A Common Stock.
• The acquisition occurred on January 1, 2026, as a grant with a transaction price of $0 per share.
• These 114,992 shares are restricted stock granted under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan.
• The restricted shares are scheduled to vest on March 1, 2029.
• Following this transaction, Staniak directly beneficially owns 408,961 shares of Class A Common Stock.
• This total includes the 114,992 restricted shares.
• Additionally, Staniak indirectly beneficially owns 619.9973 shares through the Company Savings Plan, based on data as of December 31, 2025.

Sentiment

Score: 7

Explanation: The filing reports a routine, positive event for the executive (receipt of compensation) and indicates standard corporate governance practices. It is not directly indicative of company performance but reflects ongoing executive incentive alignment.

Positives

• The grant of 114,992 restricted shares aligns the CFO's interests with long-term shareholder value through equity compensation.
• The transaction demonstrates continued executive commitment to the company's performance.

Negatives

• No direct negatives are apparent from this routine compensation-related Form 4 filing.

Risks

• The value of the restricted stock is subject to market fluctuations of Quad/Graphics' Class A Common Stock until and after vesting.
• The vesting of the restricted stock is contingent upon Staniak's continued employment with the company until March 1, 2029.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance beyond the vesting schedule of the granted restricted stock.

Industry Context

This Form 4 filing reflects a standard executive compensation practice within publicly traded companies, where equity grants are used to incentivize long-term performance and align management interests with shareholders. It does not provide broader industry trends or competitive analysis.

Comparison to Industry Standards

• The grant of restricted stock to a senior executive like the CFO is a common practice across various industries, including the printing and marketing services sector where Quad/Graphics operates.
• Equity compensation plans, such as the 2020 Omnibus Incentive Plan, are standard tools used by public companies to attract, retain, and motivate key personnel.
• The vesting period until March 1, 2029, is a typical long-term incentive structure, comparable to similar grants observed in companies like R.R. Donnelley & Sons or Transcontinental Inc., which also operate in related print and marketing communications fields.

Corporate Governance

Related Party Transactions

• The transaction involves the grant of equity compensation to a key executive (CFO & Treasurer), which is a standard related-party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: The grant aligns the CFO's long-term interests with shareholder value, potentially leading to improved company performance.
• Employees: Reflects standard executive compensation practices, which can influence overall compensation philosophy within the company.
• Management: Provides a significant long-term incentive for the CFO, enhancing retention and motivation.

Next Steps

• The restricted shares will vest on March 1, 2029, subject to the terms of the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event (restricted stock grant) and does not provide new information that would fundamentally alter the investment thesis for Quad/Graphics. It is a standard disclosure and typically does not warrant a change in investment recommendation on its own. Investors should continue to hold based on broader company fundamentals and market conditions.

Keywords

Quad/Graphics, QUAD, Anthony Staniak, CFO, Treasurer, Form 4, SEC filing, restricted stock, equity compensation, insider transaction, stock grant, beneficial ownership