Buth Douglas P 4
4 · Quad/Graphics, Inc. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Quad/Graphics (QUAD) Director Douglas P. Buth Receives Award 19,178 Shares
What Happened
Douglas P. Buth, a director of Quad/Graphics, was granted 19,178 deferred stock units (DSUs) on May 20, 2026. The Form 4 shows an acquisition (award) at $0.00 per unit (no cash exchanged). The grant also includes 759 additional DSUs that arose from dividend payments on previously granted DSUs.
Key Details
- Transaction date: 2026-05-20; transaction type: Award/Grant (code A); reported price: $0.00.
- Shares/units granted: 19,178 DSUs (plus 759 additional DSUs from dividend accruals, per footnote).
- Delivery/vesting: The 19,178 DSUs will be delivered to Mr. Buth on May 20, 2028 unless he elects to defer them further or upon separation from service (per footnote).
- Dividend treatment: Any dividends on the underlying Class A common stock accrue and convert into additional DSUs based on the stock’s closing price on dividend payable dates.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Timeliness: No late-filing indication provided in the information supplied.
Context
This was a compensation grant (deferred stock units) to a director rather than an open-market purchase or sale. DSUs are a form of deferred equity compensation—they don’t represent immediately tradable shares and are typically delivered at a future date or upon departure, so they are not the same as an immediate insider purchase or sale.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-05-20+19,178→ 165,950 total
Footnotes (2)
- [F1]Includes 759 additional deferred stock units resulting from the payment of dividends on the Class A Common Stock underlying deferred stock units previously granted.
- [F2]Includes 19,178 shares attributable to deferred stock units granted under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan that will be delivered to the reporting person on May 20, 2028 unless deferred by the reporting person, or on separation from service. Any dividend or other distribution paid with respect to class A common stock underlying the deferred stock units shall accrue and be converted into additional deferred stock units based on the closing price of class A common stock on any such dividend payable date.