Form 4: Quad/Graphics Officer Sells Shares for Tax, Acquires Via Plan

Quad/Graphics VP and Chief Accounting Officer Anne M. Bauer reported a sale of shares to cover tax liabilities and an acquisition of shares through the company's savings plan.

Summary

• Anne M. Bauer, VP, Chief Accounting Officer of Quad/Graphics, Inc., reported transactions on March 1, 2026.
• Ms. Bauer disposed of 5,526 shares of Class A Common Stock at a price of $6.91 per share.
• This disposal was for the payment of tax liability incident to the vesting of previously issued restricted stock.
• Ms. Bauer also acquired 338.8048 shares of Class A Common Stock indirectly through the Company Savings Plan (401(a) Plan), based on information as of February 28, 2026.
• All reported transactions were made pursuant to a Rule 10b5-1(c) plan.
• Following these transactions, Ms. Bauer directly owns 53,281 shares of Class A Common Stock and indirectly owns 338.8048 shares via the 401(a) Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, primarily reflecting a routine tax-related stock disposition and an expected acquisition through an employee savings plan, both common for corporate executives.

Positives

• The acquisition of 338.8048 shares through the Company Savings Plan indicates continued participation in employee benefit programs and ongoing investment by an executive.
• The transactions were executed under a Rule 10b5-1(c) plan, which suggests pre-planned and automated trading, potentially reducing concerns about opportunistic insider trading.

Negatives

• The disposal of 5,526 shares, even for tax purposes, reduces the direct beneficial ownership of the executive.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it primarily reports past insider transactions.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax obligations from restricted stock vesting, are common and generally not indicative of a change in management's long-term view of the company. The use of a 10b5-1 plan suggests a pre-arranged strategy for these transactions.

Comparison to Industry Standards

• Insider transactions for tax purposes are standard practice across industries when restricted stock vests as part of executive compensation.
• The acquisition of shares through an employee savings plan is also a common benefit and a sign of continued employee investment in the company.
• No specific comparable companies, projects, or results are relevant for this routine type of insider transaction filing.

Stakeholder Impact

• Shareholders: The impact on shareholders is minimal, as these are routine insider transactions related to compensation and do not signal a significant shift in company strategy or executive confidence.
• Employees: The acquisition through the 401(a) plan highlights the availability and utilization of employee savings plans, which can be a positive for employee morale and retention.

Key Dates

Recommendation

This Form 4 details routine insider transactions, including a sale to cover tax liabilities from restricted stock vesting and an acquisition through an employee savings plan. These actions are common and do not provide new fundamental information to warrant a change in investment recommendation. The stock's performance should be evaluated based on broader financial results and strategic developments, not these standard insider disclosures.

Keywords

Quad/Graphics, QUAD, Insider Trading, Form 4, Stock Sale, Stock Acquisition, Anne M. Bauer, Restricted Stock, Tax Liability, 10b5-1 Plan, Employee Savings Plan