Quadracci Robert H 4

What Happened

• Robert H. Quadracci, Chief Human Resources Officer of Quad/Graphics (QUAD), had shares withheld to satisfy tax liabilities associated with the vesting of previously issued restricted stock. Two withholding transactions occurred on March 1, 2026: 4,883 shares withheld at $6.91 each (value $33,742) and 2,862 shares withheld at $6.91 each (value $19,776), for a combined 7,745 shares and roughly $53,518.

Key Details

• Transaction dates and prices: March 1, 2026 — 4,883 shares @ $6.91 ($33,742) and 2,862 shares @ $6.91 ($19,776).
• Total shares withheld: 7,745; total value: approximately $53,518.
• Shares owned after transaction: not specified in the provided excerpt; see the full Form 4 for post-transaction holdings.
• Footnotes: F1 = payment of tax liability by withholding shares incident to the vesting of restricted stock previously issued. F2 (included in filing) notes shares acquired under the Company Savings Plan per the plan administrator as of 02/28/2026; consult the filing for how F2 applies.
• Filing: Form 4 filed March 3, 2026 reporting transactions on March 1, 2026 — appears timely based on the filing date.

Context

• Withholding shares to cover taxes is a routine administrative transaction tied to vesting and is recorded as a disposition (code F). It is not an open-market sale and does not necessarily indicate a change in the insider’s market view.
• For investors, tax-withholding events are common and generally less informative than outright purchases (which can be viewed as more bullish).