Form 4: Quad/Graphics EVP Acquires 16,695 Restricted Shares

Quad/Graphics' EVP and Chief Administrative Officer, Donald M. McKenna, acquired 16,695 shares of Class A Common Stock through a restricted stock grant.

Summary

• Donald M. McKenna, Executive Vice President and Chief Administrative Officer of Quad/Graphics, Inc., acquired 16,695 shares of Class A Common Stock.
• These shares were granted as restricted stock under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan.
• The restricted stock grant vests on March 1, 2029.
• Following this transaction, McKenna directly owns 203,117 shares of Class A Common Stock.
• Additionally, McKenna indirectly owns 548.599 shares through the Company Savings Plan (401(a) Plan) as of January 31, 2026.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, indicating continued executive alignment with shareholder interests through an incentive-based stock grant.

Positives

• An executive acquiring shares, even if restricted stock, aligns management's interests with shareholders.
• The grant under an incentive plan suggests ongoing commitment to executive compensation and retention.

Negatives

• No immediate cash outlay by the executive for the restricted stock, as it was a grant rather than an open market purchase.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider stock acquisitions, particularly through incentive plans, are common practice for aligning executive interests with long-term company performance. This specific transaction reflects a standard component of executive compensation packages in the printing and marketing services industry, similar to peers like R.R. Donnelley & Sons or LSC Communications, though the specific terms of incentive plans vary.

Comparison to Industry Standards

• Restricted stock grants are a standard component of executive compensation across various industries, including printing and marketing services, aligning executive incentives with shareholder value over a vesting period.
• The grant of 16,695 shares to a Chief Administrative Officer is within typical ranges for executives at companies of Quad/Graphics' size, comparable to similar grants observed at companies like Deluxe Corporation or Transcontinental Inc.
• The vesting period until March 1, 2029, is a common multi-year structure designed to promote long-term retention and performance.

Corporate Governance

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of executive interests with long-term company performance.
• Employees: No direct impact mentioned, but this transaction is part of the company's broader executive compensation strategy.

Next Steps

• The 16,695 shares of restricted stock granted to Donald M. McKenna will vest on March 1, 2029.

Key Dates

Recommendation

This Form 4 filing reports a routine executive compensation event (restricted stock grant) rather than a significant open-market purchase or sale. While it indicates continued alignment of executive interests with the company's long-term performance, it does not provide new fundamental information to warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company fundamentals.

Keywords

Quad/Graphics, QUAD, Donald M. McKenna, Insider Transaction, Form 4, Restricted Stock, Executive Compensation, Stock Grant, Beneficial Ownership