Form 4: Quad/Graphics Director Kathryn Quadracci Flores Reports Stock Sale

Kathryn Quadracci Flores, a director at Quad/Graphics, sold 23,685 shares of Class A Common Stock at a weighted average price of $4.6064 on May 31, 2024.

Summary

• On May 31, 2024, Kathryn Quadracci Flores, a director of Quad/Graphics, Inc., reported a transaction involving the sale of 23,685 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $4.6064, with prices ranging from $4.60 to $4.63.
• Following the transaction, Flores directly owns 127,767 shares of Class A Common Stock.
• Flores also holds shares indirectly through various trusts (DQ 2008 Trust, HVQ 2003 Trust, and MAQ 2001 Trust), for which she serves as trustee.
• She disclaims beneficial ownership of these indirectly held shares except to the extent of her pecuniary interest.
• The report also mentions holdings of Class B Common Stock, which are convertible into Class A Common Stock on a 1-for-1 basis.

Sentiment

Score: 5

Explanation: This is a routine disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities. This allows investors to monitor the actions of those with privileged information.

Stakeholder Impact

• The stock sale by a director could be perceived negatively by shareholders if they interpret it as a lack of confidence in the company's future prospects, potentially leading to a decrease in stock price.

Key Dates