Form 4: Quad/Graphics Executive Gruen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Dana B. Gruen, General Counsel & Corp Sec of Quad/Graphics, reports changes in beneficial ownership of Class A Common Stock due to tax liability withholding and shares acquired under the Company Savings Plan.
Summary
- Dana B. Gruen, General Counsel & Corp Sec of Quad/Graphics, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, 10,367 shares of Class A Common Stock were disposed of to cover tax liabilities at a price of $6.28 per share.
- Following the transaction, Gruen directly owns 139,694 shares of Class A Common Stock.
- Additionally, Gruen indirectly owns 1,072.0373 shares through a 401(a) Plan, acquired as of February 28, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transactions described are typical for corporate insiders. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a standard part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The disposal of shares to cover tax liabilities has a minor dilutive effect.
Key Dates
| Date | Description |
|---|---|
| 2/28/2025 | Shares acquired under the Company Savings Plan based on information furnished by the Plan Administrator. |
| 03/01/2025 | Transaction date for the disposal of shares to cover tax liability. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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