BAUER ANNE M 4

What Happened

Anne M. Bauer, Vice President and Chief Accounting Officer of Quad/Graphics (QUAD), had 5,526 shares withheld to satisfy tax withholding related to the vesting of restricted stock. The withholding is reported as a disposition of 5,526 shares at $6.91 per share, for a total value of approximately $38,185, on March 1, 2026. This is a routine tax-withholding event, not an open-market sale.

Key Details

• Transaction date and price: 2026-03-01 — 5,526 shares at $6.91 each (total ~$38,185).
• Transaction code: F — tax withholding (shares retained by the company to pay taxes upon vesting).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 confirms the disposition reflects withholding of shares to cover tax liability on vested restricted stock. F2 relates to the Company Savings Plan data furnished by the plan administrator as of 02/28/2026.
• Filing timeliness: Form filed 2026-03-03 for a 2026-03-01 transaction; no late-filing indication in the filing.

Context

This was an administrative, cashless-type disposition to cover tax obligations tied to vested restricted stock and is commonly seen after equity vesting. Such withholdings are routine and do not necessarily signal the insider’s view of the company’s prospects.