Form 4: Quad/Graphics Director Douglas P. Buth Reports Stock Disposals

Director Douglas P. Buth of Quad/Graphics, Inc. reports the disposal of Class A Common Stock in two transactions on February 23 and February 27, 2024.

Summary

• Douglas P. Buth, a director of Quad/Graphics, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 23, 2024, Buth disposed of 300 shares of Class A Common Stock at a price of $5.56 per share.
• On February 27, 2024, Buth disposed of 29,700 shares of Class A Common Stock at a weighted average price of $5.7568 per share, with prices ranging from $5.50 to $6.10.
• Following these transactions, Buth beneficially owns 144,041 shares of Class A Common Stock, including 60,059 shares attributable to deferred stock units and dividend equivalents granted under the Quad/Graphics, Inc 2020 Omnibus Incentive Plan.

Sentiment

Score: 4

Explanation: The sentiment is neutral. It's a routine disclosure of stock disposals by a director. The disposals themselves could be interpreted in various ways, but without further context, it's difficult to assign a strong positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• Shareholders may be interested in the director's stock disposals as an indicator of management's confidence in the company.

Key Dates