Flores Kathryn Quadracci 4

What Happened Kathryn Quadracci, a director of Quad/Graphics, had 7,232 shares withheld to satisfy tax withholding related to the vesting of previously issued restricted stock. The shares were recorded as disposed at $6.91 per share for a total value of $49,973. This was a tax-withholding event (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (timely within the standard reporting window).
• Price and value: 7,232 shares × $6.91 = $49,973 (withheld to cover tax liability).
• Shares owned after transaction: not specified in the supplied excerpt of the filing.
• Notable footnotes: F1 indicates the shares were withheld to pay taxes on vested restricted stock. F2–F4 and F6 note Ms. Quadracci is trustee for several family trusts and disclaims beneficial ownership except for pecuniary interest. F5 notes Class B common stock is convertible 1-for-1 to Class A.
• Transaction type code: F = tax withholding (not a purchase or open-market sale).

Context Tax-withholding disposals are routine administrative actions when restricted stock vests and generally do not signal a director’s view of the company’s prospects in the way an open-market sale or purchase might. Because this was a withholding to satisfy taxes, it should be interpreted differently than a voluntary sale.