Form 4: Quad/Graphics Director Kathryn Quadracci Flores Reports Share Transactions

Director Kathryn Quadracci Flores reported the acquisition of 8,209 shares of Class A Common Stock and various holdings through trusts.

Summary

• Kathryn Quadracci Flores, a director at Quad/Graphics, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On January 1, 2025, she acquired 8,209 shares of Class A Common Stock at a price of $0, which are restricted and will vest on March 1, 2028.
• She also holds 138,158 shares of Class A Common Stock, including 81,914 shares attributable to deferred stock units and dividend equivalents.
• Additionally, she has indirect ownership of Class A Common Stock through several trusts, including the DQ 2008 Trust, HVQ 2003 Trust, and MAQ 2001 Trust, each holding 4,067 shares.
• She also has indirect ownership of Class A Common Stock through the DQ 2008 Trust, HRQ 2014 Trust, HVQ 2003 Trust and MAQ 2001 Trust via convertible Class B Common Stock.
• The Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis at no cost.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard insider transactions. The sentiment is neutral to slightly positive due to the director's continued investment in the company.

Positives

• The acquisition of 8,209 shares of restricted stock indicates a continued investment in the company by a director.
• The director's holdings through various trusts suggest a long-term commitment to the company's success.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders, providing transparency into their transactions and holdings. This filing is typical for directors and officers of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are a common practice for directors and officers of publicly traded companies, such as Quad/Graphics, to report changes in their beneficial ownership.
• Similar filings are made by insiders at companies like R.R. Donnelley & Sons Company (RRD) and LSC Communications (LKSD), which are also in the printing and related services industry.
• The level of detail provided in this Form 4 is consistent with SEC requirements and industry standards for transparency.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's holdings.
• The acquisition of shares by a director may be viewed positively by investors.

Key Dates

Keywords

Form 4, beneficial ownership, Quad/Graphics, Class A Common Stock, Class B Common Stock, restricted stock, deferred stock units, trusts, director, insider trading