Eason Beth-Ann 4

What Happened
Beth-Ann Eason, a director of Quad/Graphics, Inc. (QUAD), was granted 19,178 deferred stock units on May 20, 2026. The award was reported as an acquisition at $0.00 per share (non-cash grant). This is a compensation/award transaction rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-20; Filing date: 2026-05-22 (filing appears timely).
• Transaction type/code: A (Award/Grant). Price reported: $0.00.
• Shares/units granted: 19,178 deferred stock units.
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnote: Units are deferred stock units under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan and will be delivered on May 20, 2028 (unless the reporting person elects further deferral or on separation from service). Dividends on the underlying Class A common stock will accrue and convert into additional deferred stock units based on the closing price on dividend payable dates.

Context
This is a standard equity compensation award to a director, not a market purchase or sale; such grants are common and reflect standard pay practices rather than an explicit buy/sell signal. Deferred stock units vest/convert on the stated delivery date or upon separation per plan terms.