QUAD.NYSEQuad/graphics, INC

Form 4: Quad/Graphics Executive Eric N. Ashworth Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Eric N. Ashworth, EVP Product & Market Strategy at 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, Eric N. Ashworth, EVP Product & Market Strategy at Quad/Graphics, reported changes in his beneficial ownership of the company's Class A Common Stock.
  • 13,038 shares were disposed of to cover tax liabilities related to the vesting of restricted stock at a price of $5.99 per share.
  • Additionally, 371.9561 shares were acquired under the Company Savings Plan as of February 29, 2024.
  • Following these transactions, Ashworth directly owns 227,814 shares and indirectly owns 371.9561 shares through a 401(a) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating neutral sentiment. It reflects standard transactions related to executive compensation and savings plans.

Positives

  • The acquisition of shares through the Company Savings Plan indicates employee participation and investment in the company's future.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

  • Shareholders are informed about changes in insider ownership, which can influence investor confidence.

Key Dates

DateDescription
02/29/2024Date shares were acquired under the Company Savings Plan.
03/01/2024Date of the transaction involving the disposal of shares for tax liability.
03/05/2024Date of signature on the Form 4 filing.

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