Form 4: Quad/Graphics Director Sells Shares for Tax Liability

Kathryn Quadracci Flores, a director at Quad/Graphics, reported the sale of 7,232 Class A Common Stock shares at $6.91 each to cover tax obligations from restricted stock vesting.

Summary

• Kathryn Quadracci Flores, a Director of Quad/Graphics, Inc., reported a transaction on March 1, 2026.
• The transaction involved the disposition of 7,232 shares of Class A Common Stock.
• These shares were withheld to cover tax liabilities associated with the vesting of previously issued restricted stock.
• The price per share for the disposition was $6.91.
• Following this transaction, Flores directly beneficially owns 100,018 shares of Class A Common Stock.
• She also indirectly holds additional shares through various trusts where she serves as a trustee, including the Danica Quadracci 2008 Trust, Halle Victoria Quadracci 2003 Trust, Meghan Angela Quadracci 2001 Trust, and H. Richard Quadracci 2014 Trust.
• Class B Common Stock held indirectly is convertible into Class A Common Stock on a 1-for-1 basis at no cost.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine tax-related disposition of shares following the vesting of restricted stock, which is a common practice for executive compensation.

Positives

• The transaction reflects the vesting of previously issued restricted stock, indicating a form of compensation for the director.
• The disposition was for tax purposes, a routine event for vested equity compensation.

Negatives

• A reduction in direct beneficial ownership of 7,232 shares of Class A Common Stock.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholdings for vested equity, are common occurrences in publicly traded companies. This specific filing reflects a routine compensation event for a director at Quad/Graphics and does not inherently signal broader industry trends or competitive shifts.

Related Party Transactions

• The reporting person holds shares indirectly as a trustee for several family trusts (Danica Quadracci 2008 Trust, Halle Victoria Quadracci 2003 Trust, Meghan Angela Quadracci 2001 Trust, H. Richard Quadracci 2014 Trust). The reported transaction (tax withholding) is a direct transaction with the issuer for tax purposes, not a related-party sale/purchase, though the indirect holdings are reported as part of her beneficial ownership.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, relatively small disposition of shares for tax purposes by a director.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Quad/Graphics, QUAD, Kathryn Quadracci Flores, Insider Trading, Form 4, Stock Sale, Tax Withholding, Restricted Stock, Director Transaction, Equity Compensation