Form 4: Quad/Graphics Chief Information Officer Steven D. Jaeger Reports Share Acquisition

Steven D. Jaeger, Chief Information Officer of Quad/Graphics, acquired 12,314 shares of Class A Common Stock on January 1, 2025, as part of a restricted stock grant.

Summary

• Steven D. Jaeger, the Chief Information Officer of Quad/Graphics, acquired 12,314 shares of Class A Common Stock on January 1, 2025.
• These shares were granted as restricted stock under the company's 2020 Omnibus Incentive Plan.
• The shares will vest on March 1, 2028, contingent upon shareholder approval of an increase in the number of shares available for issuance under the plan at the company's Annual Meeting of Shareholders on May 21, 2025.
• The acquisition was reported in a Form 4 filing with the SEC.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management and shareholder interests. The contingency on shareholder approval introduces a minor element of uncertainty.

Positives

• The grant of restricted stock aligns the executive's interests with those of the shareholders.
• The vesting period of over three years encourages long-term commitment from the executive.

Risks

• The vesting of the shares is contingent on shareholder approval, which introduces a degree of uncertainty.

Future Outlook

The vesting of the restricted stock is contingent on shareholder approval at the upcoming annual meeting.

Industry Context

This type of stock grant is a common practice for incentivizing executives in publicly traded companies.

Comparison to Industry Standards

• Many publicly traded companies use restricted stock grants as part of their executive compensation packages.
• The vesting period of three years is fairly standard for such grants, aligning with long-term performance goals.
• The contingency on shareholder approval is also a common practice to ensure alignment with shareholder interests.

Stakeholder Impact

• Shareholders will vote on the increase in shares available for issuance, which will impact the total number of shares outstanding.
• Employees may be impacted by the overall success of the company, which is influenced by executive performance.

Next Steps

• Shareholder approval will be sought at the Annual Meeting on May 21, 2025, for the increase in shares available for issuance under the 2020 Omnibus Incentive Plan.
• The restricted stock will vest on March 1, 2028, if shareholder approval is obtained.

Key Dates

Keywords

Quad/Graphics, Steven D. Jaeger, restricted stock, Form 4, share acquisition, Omnibus Incentive Plan, shareholder approval, vesting