Form 4: Quad/Graphics CHRO Sells Shares for Tax Obligation

Quad/Graphics' Chief Human Resources Officer, Robert H. Quadracci, disposed of 7,745 Class A Common Stock shares to cover tax liabilities related to restricted stock vesting.

Summary

• Robert H. Quadracci, Chief Human Resources Officer of Quad/Graphics, Inc. (QUAD), reported transactions on March 1, 2026.
• He disposed of a total of 7,745 shares of Class A Common Stock at a price of $6.91 per share.
• These dispositions were made to satisfy tax withholding obligations upon the vesting of previously issued restricted stock.
• Following these transactions, Quadracci directly beneficially owns 165,401 shares of Class A Common Stock.
• Additionally, he indirectly owns 1,928.051 shares through a 401(a) Plan as of February 28, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard tax-related disposition of shares upon restricted stock vesting, which is a common practice for executive compensation and does not reflect a change in company fundamentals.

Positives

• The vesting of restricted stock indicates the maturation of long-term incentive compensation plans for the executive, reflecting past performance or continued service.

Negatives

• The executive disposed of 7,745 shares of Class A Common Stock, reducing direct beneficial ownership in the company.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving the disposition of shares for tax purposes upon restricted stock vesting, are routine occurrences in executive compensation across various industries. This filing provides transparency into an executive's equity holdings and compensation structure.

Comparison to Industry Standards

• This is a standard tax-related disposition of shares upon the vesting of restricted stock, a common practice for executives receiving equity compensation across most publicly traded companies. It aligns with typical compensation structures and tax compliance procedures.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes is a routine event and generally has a neutral impact on shareholders, as it is a standard part of executive compensation and does not signal a change in company outlook.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Recommendation

This Form 4 reports a routine disposition of shares by an executive to cover tax liabilities associated with restricted stock vesting. Such transactions are common and generally do not indicate a change in the company's fundamentals or the executive's long-term view, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

Quad/Graphics, QUAD, Form 4, insider trading, executive compensation, restricted stock, tax withholding, stock sale