Form 4: Quad/Graphics Director Douglas P. Buth Reports Acquisition of 25,000 Shares

Director Douglas P. Buth reports acquisition of 25,000 shares of Quad/Graphics Class A Common Stock through deferred stock units.

Summary

• On May 22, 2024, Douglas P. Buth, a director of Quad/Graphics, Inc., acquired 25,000 shares of Class A Common Stock.
• These shares were obtained through deferred stock units granted under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan.
• The deferred stock units will be delivered to Buth on May 22, 2026, unless deferred by him or upon separation from service.
• Buth also received 592 additional deferred stock units resulting from dividend payments on previously granted deferred stock units.
• Following the transaction, Buth beneficially owns 169,633 shares of Quad/Graphics Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock ownership change by a director. The acquisition of shares could be seen as slightly positive, indicating confidence, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The deferred stock units will be delivered to the reporting person on May 22, 2026, unless deferred by the reporting person, or on separation from service.

Industry Context

This is a standard SEC Form 4 filing, reporting a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company directors and officers.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholders, as insider buying is often seen as a sign of confidence in the company's prospects.

Key Dates