Quad/Graphics (QUAD) grants 11,500 restricted shares to chief accounting officer

Rhea-AI Filing Summary

Quad/Graphics, Inc. reported an equity award to an executive officer. VP and Chief Accounting Officer Anne M. Bauer acquired 11,500 shares of Class A common stock on 01/01/2026 at a price of $0, reflecting a grant rather than an open‑market purchase. Following this grant, she beneficially owns 58,807 Class A shares directly.

The filing notes that the 11,500 shares are restricted stock granted under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan and scheduled to vest on March 1, 2029. Bauer also holds 338.8048 shares of Class A common stock indirectly through the company’s 401(a) Savings Plan, based on plan administrator information as of 12/31/2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BAUER ANNE M

(Last) (First) (Middle)

C/O QUAD/GRAPHICS, INC.

N61 W23044 HARRY'S WAY

(Street)

SUSSEX WI 53089

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Quad/Graphics, Inc. [ QUAD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/01/2026		A		11,500	A	$0	58,807(1)	D
Class A Common Stock								338.8048(2)	I	By 401(a) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 11,500 shares of restricted stock, granted under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan, that will vest on March 1, 2029.

2. Shares acquired under the Company Savings Plan based on information furnished by the Plan Administrator as of 12/31/2025.

	/s/ Alexander N. Pyke, attorney-in-fact for Anne M. Bauer	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Quad/Graphics (QUAD) report in this Form 4?

The company reported that VP and Chief Accounting Officer Anne M. Bauer received a grant of 11,500 shares of Class A common stock on 01/01/2026 at a price of $0, indicating an equity award rather than a market purchase.

How many Quad/Graphics (QUAD) shares does Anne M. Bauer own after this transaction?

After the reported grant, Anne M. Bauer beneficially owns 58,807 Class A shares directly and 338.8048 Class A shares indirectly through the company’s 401(a) Savings Plan.

What type of Quad/Graphics (QUAD) shares were granted to Anne M. Bauer?

The 11,500 shares reported are restricted stock granted under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan, rather than unrestricted common shares acquired on the open market.

When will Anne M. Bauer’s restricted Quad/Graphics shares vest?

The filing states that the 11,500 restricted shares of Quad/Graphics Class A common stock are scheduled to vest on March 1, 2029.

How were the indirect Quad/Graphics (QUAD) holdings in the 401(a) Plan determined?

The indirect holding of 338.8048 shares of Class A common stock is based on information furnished by the Company Savings Plan administrator as of 12/31/2025.

What is Anne M. Bauer’s role at Quad/Graphics (QUAD)?

Anne M. Bauer is an officer of Quad/Graphics, serving as Vice President and Chief Accounting Officer, as indicated in the filing.