Form 4: Quad/Graphics Director Sells 20,000 Shares

Sentiment:

Insider Transaction Report 24 February 2026 10:20 AM

Quad/Graphics Director Douglas P. Buth disposed of 20,000 shares of Class A Common Stock at a weighted average price of $7.0213 per share.

Worse than expectedA director, Douglas P. Buth, sold 20,000 shares of company stock, which can be perceived as a lack of confidence or a move to realize gains, potentially signaling a less optimistic outlook for the stock's near-term performance.

Summary

Douglas P. Buth, a Director of Quad/Graphics, Inc. (QUAD), sold 20,000 shares of Class A Common Stock.
The transaction occurred on February 23, 2026.
The shares were sold at a weighted average price of $7.0213 per share, with prices actually received ranging from $7.00 to $7.10 per share.
Following this transaction, Mr. Buth beneficially owns 146,013 shares, which includes 49,850 shares attributable to deferred stock units and dividend equivalents granted under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plans.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative signal due to a director's share sale, which can sometimes indicate a less optimistic outlook, though the transaction size is not exceptionally large relative to total holdings.

Negatives

A director, Douglas P. Buth, sold 20,000 shares of Class A Common Stock.
The sale price was a weighted average of $7.0213 per share.

Future Outlook

Industry Context

StockSavvy.ai notes that insider selling, particularly by a director, can sometimes be interpreted by the market as a signal regarding the insider's perception of the company's future prospects or valuation, though it can also be for personal liquidity reasons unrelated to company performance.

Stakeholder Impact

Shareholders: May interpret the director's sale as a negative signal, potentially impacting investor sentiment regarding the company's future prospects.

Key Dates

Date	Description
02/23/2026	Date of transaction where 20,000 shares of Class A Common Stock were disposed of by Douglas P. Buth.
02/24/2026	Date the Form 4 was signed by the attorney-in-fact for Douglas P. Buth.

Recommendation

hold

The sale of 20,000 shares by a director, while a negative signal, is not a sufficiently large transaction to warrant a strong sell recommendation without additional fundamental analysis of Quad/Graphics. Investors should monitor future insider activity and company performance, maintaining a 'hold' position for now.

Keywords

Quad/Graphics, QUAD, Insider Sale, Director Transaction, Form 4, Stock Sale, Douglas P. Buth, Class A Common Stock

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