Form 4: Quad/Graphics Executive Reports Stock Acquisition and Holdings

Robert H. Quadracci, Chief Human Resources Officer at Quad/Graphics, reported acquiring 21,549 shares of restricted stock and holding 129,262 shares directly, plus 1,835.6803 shares indirectly through a 401(a) plan.

Summary

• Robert H. Quadracci, Chief Human Resources Officer of Quad/Graphics, filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On January 1, 2025, Mr. Quadracci acquired 21,549 shares of Class A Common Stock as restricted stock, which will vest on March 1, 2028, contingent on shareholder approval at the May 21, 2025 annual meeting.
• These shares were granted under the 2020 Omnibus Incentive Plan.
• Mr. Quadracci also holds 129,262 shares of Class A Common Stock directly.
• Additionally, he holds 1,835.6803 shares indirectly through the company's 401(a) savings plan, based on information as of December 31, 2024.

Sentiment

Score: 7

Explanation: The document is a routine filing of stock ownership changes, which is generally neutral. The acquisition of restricted stock is a positive sign of alignment with company performance.

Positives

• The acquisition of restricted stock aligns the executive's interests with the long-term performance of the company.
• The executive's continued ownership of a significant number of shares demonstrates confidence in the company's future.

Risks

• The vesting of the restricted stock is contingent on shareholder approval, which introduces a potential risk if the approval is not obtained.
• The value of the shares is subject to market fluctuations, which could impact the executive's holdings.

Industry Context

This filing is a routine disclosure of executive stock ownership changes, which is common in publicly traded companies. It provides transparency into the holdings of key personnel.

Comparison to Industry Standards

• Executive stock ownership and incentive plans are standard practice in publicly traded companies like Quad/Graphics.
• The use of restricted stock with vesting periods is a common method to align executive interests with long-term shareholder value, similar to practices at companies like RR Donnelley and LSC Communications.

Stakeholder Impact

• Shareholders will be interested in the executive's stock ownership as it reflects management's alignment with their interests.
• Employees may view the executive's stock acquisition as a positive sign of the company's future prospects.

Next Steps

• Shareholder approval will be sought at the Annual Meeting on May 21, 2025, for the increase in shares available for issuance under the 2020 Omnibus Incentive Plan.
• The restricted stock will vest on March 1, 2028, if shareholder approval is obtained.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock, Quad/Graphics, Executive Compensation, Shareholder Approval, 401(a) Plan, Robert H. Quadracci