Form 4: Quad/Graphics Executive Dana B. Gruen Reports Changes in Beneficial Ownership

Dana B. Gruen, General Counsel & Corp Sec of Quad/Graphics, reports changes in beneficial ownership of Class A Common Stock due to tax liability and company savings plan acquisitions.

Summary

• On March 1, 2024, Dana B. Gruen, General Counsel & Corp Sec of Quad/Graphics, reported changes in beneficial ownership of the company's Class A Common Stock.
• 5,786 shares were disposed of to cover tax liabilities related to the vesting of restricted stock at a price of $5.99 per share.
• Additionally, 1,033.8598 shares were acquired through the Company Savings Plan as of February 29, 2024.
• Following these transactions, Gruen directly owns 121,329 shares of Class A Common Stock and indirectly owns 1,033.8598 shares through a 401(a) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions. The disposal of shares for tax purposes is balanced by the acquisition of shares through the savings plan.

Positives

• Acquisition of shares through the Company Savings Plan indicates participation in the company's long-term growth.

Negatives

• Disposal of shares to cover tax liabilities may be seen as a slight negative, although it's a common practice.

Risks

• There are no specific risks mentioned in this document.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions reported are typical for executives who receive stock-based compensation and participate in company savings plans.
• Similar filings can be observed for executives at companies like R.R. Donnelley & Sons and LSC Communications, which operate in the same industry.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates