Honan David J 4
4 · Quad/Graphics, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Quad/Graphics COO David Honan Sells 73,557 Shares, Receives 38,820 RS
What Happened
David J. Honan, Chief Operating Officer of Quad/Graphics, reporteda pair of transactions on 2026-03-01: 73,557 shares were disposed (withheld) to cover tax obligations at $6.91 per share for proceeds of about $508,279, and he was granted 38,820 shares of restricted stock (no cash paid).
Key Details
- Transaction dates: both transactions reported for 2026-03-01; Form 4 filed 2026-03-03 (appears timely).
- Sale/Disposition: 73,557 shares withheld for tax (code F) at $6.91 each; total value ≈ $508,279.
- Grant/Acquisition: 38,820 restricted shares granted (code A) at $0.00; these restricted shares vest on March 1, 2029 (footnote).
- Shares owned after transaction: not specified in the provided filing.
- Notable footnotes: F1 = withholding of shares to pay tax liability; F2 = the 38,820 shares are restricted stock that will vest 3/1/2029. Other footnotes reference trustee-related holdings and plan-sourced shares reported elsewhere on the Form 4.
- Transaction codes explained: F = tax withholding (disposition), A = award/grant (acquisition).
Context
The withholding of shares to cover taxes is a routine administrative event tied to vesting and does not necessarily indicate a market view. The separate entry for 38,820 restricted shares is an award that will vest in 2029, which is a long-term compensation grant rather than an open-market purchase.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-03-01$6.91/sh−73,557$508,279→ 697,501 total - Award
Class A Common Stock
[F2]2026-03-01+38,820→ 736,321 total
- 4,067(indirect: By Trust)
Class A Common Stock
[F3] - 4,067(indirect: By Trust)
Class A Common Stock
[F4] - 4,067(indirect: By Trust)
Class A Common Stock
[F5] - 801.009(indirect: By 401(a) Plan)
Class A Common Stock
[F6] - 2,870(indirect: By Trust)
Class B Common Stock
[F7][F4]→ Class A Common Stock (2,870 underlying) - 2,868(indirect: By Trust)
Class B Common Stock
[F7][F5]→ Class A Common Stock (2,868 underlying) - 2,870(indirect: By Trust)
Class B Common Stock
[F7][F3]→ Class A Common Stock (2,870 underlying)
Footnotes (7)
- [F1]Reflects payment of tax liability by withholding shares of stock incident to the vesting of restricted stock previously issued.
- [F2]Includes 38,820 shares of restricted stock, granted under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan, that will vest on March 1, 2029.
- [F3]As Trustee for the Danica Quadracci 2008 Trust. The reporting person is a trustee of the trust and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F4]As Trustee for the Halle Victoria Quadracci 2003 Trust. The reporting person is a trustee of the trust and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F5]As Trustee for the Meghan Angela Quadracci 2001 Trust. The reporting person is a trustee of the trust and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F6]Shares acquired under the Company Savings Plan, based on information furnished by the Plan Administrator as of 02/28/2026.
- [F7]Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis at no cost and has no expiration date.