Shiely John S - May 22, 2024 Form 4 Insider Report for Quad/Graphics, Inc. (QUAD)

Role: Director
Signature: /s/ Alexander N. Pyke, attorney-in-fact for John S. Shiely
Stock symbol: QUAD
Transactions as of: May 22, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/24/2024, 03:14 PM
Previous filing: May 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QUAD	Class A Common Stock	Award	$0	+25K	+9.71%	$0.00	282K	May 22, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 25,000 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 22, 2026 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.
F2	Includes 1,920 additional deferred stock units resulting from the payment of dividends on the class A common stock underlying deferred stock units previously granted.

Content

Includes 25,000 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 22, 2026 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.

Includes 1,920 additional deferred stock units resulting from the payment of dividends on the class A common stock underlying deferred stock units previously granted.