Form 4: Quad/Graphics Director John C. Fowler Reports Acquisition of 25,000 Shares of Class A Common Stock

Director John C. Fowler reports acquisition of 25,000 shares of Quad/Graphics Class A Common Stock through deferred stock units.

Summary

• On May 22, 2024, John C. Fowler, 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 company's 2020 Omnibus Incentive Plan.
• These deferred stock units will be delivered to Fowler on May 22, 2026, unless deferred further or upon separation from service.
• Fowler also indirectly owns shares through various trusts for family members, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
• Following the transaction, Fowler directly owns 210,572 shares of Class A Common Stock, including the deferred stock units and additional units from dividend payments.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard filing indicating a director's acquisition of shares through a deferred stock unit grant, which is neither overtly positive nor negative.

Positives

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

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment, as it indicates a director's investment in the company.

Key Dates