Quad/Graphics director granted 19,178 Class A shares
Quad/Graphics director Christopher B. Harned reported an award of 19,178 shares of Class A Common Stock as a grant or other acquisition at an effective price of $0.00 per share.
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Form Type
4
Rhea-AI Filing Summary
Quad/Graphics director Christopher B. Harned reported an award of 19,178 shares of Class A Common Stock as a grant or other acquisition at an effective price of $0.00 per share. Following this grant, he directly holds 300,533 Class A shares, including deferred stock units under the company’s 2020 Omnibus Incentive Plan that are scheduled to be delivered on May 20, 2028 unless further deferred or paid earlier upon separation from service.
He also has indirect holdings through his spouse and as trustee of Winderful Foundation Inc., and the filing notes that Class B Common Stock is convertible into Class A Common Stock on a 1‑for‑1 basis at no cost and has no expiration date.
Insider Trade Summary
Grant/Award: 19,178 shares
Grant/Award
5 txns
Insider
Harned Christopher B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 19,178 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 300,533 shares (Direct);
Class B Common Stock — 234,012 contracts (Indirect, By Spouse);
Class B Common Stock — 2,888 contracts (Indirect, As Trustee - Winderful Foundation Inc.);
Class A Common Stock — 50,205 shares (Indirect, As Trustee - Winderful Foundation, Inc.);
Class A Common Stock — 265,355 shares (Indirect, By Spouse)
Footnotes (4)
- F1. Includes 2,571 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.
- F3. As Trustee of Winderful Foundation Inc. The reporting person is a trustee of the foundation and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F4. Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis at no cost and has no expiration date.
Key Figures
Grant size: 19,178 shares
Direct Class A holdings: 300,533 shares
Dividend DSUs: 2,571 units
+3 more
6 metrics
Grant size
19,178 shares
Class A Common Stock award at $0.00 per share
Direct Class A holdings
300,533 shares
Class A Common Stock following reported grant
Dividend DSUs
2,571 units
Additional deferred stock units from dividends on underlying Class A
Deferred delivery date
May 20, 2028
Scheduled delivery of certain deferred stock units
Convertible Class B block
234,012 shares
Indirect Class B Common Stock, convertible 1-for-1 into Class A
Additional convertible Class B
2,888 shares
Indirect Class B Common Stock, 1-for-1 into Class A
Key Terms
deferred stock units, Omnibus Incentive Plan, pecuniary interest, Class B Common Stock, +1 more
5 terms
deferred stock units financial
"Includes 19,178 shares attributable to deferred stock units granted under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Omnibus Incentive Plan financial
"deferred stock units granted under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
Class B Common Stock financial
"Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis at no cost"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
convertible financial
"Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis at no cost"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Christopher B. Harned report at Quad/Graphics (QUAD)?
Christopher B. Harned reported receiving 19,178 Class A shares as a grant or other acquisition at an effective price of $0.00. This appears to be a compensation-related award rather than an open-market trade, increasing his direct Class A holdings reported in this filing.
What are the key terms of Harned’s deferred stock units in Quad/Graphics (QUAD)?
The filing notes 19,178 shares attributable to deferred stock units granted under the 2020 Omnibus Incentive Plan, deliverable on May 20, 2028 unless further deferred or paid on separation. Dividends or distributions on underlying Class A stock accrue as additional deferred stock units based on closing prices.
How do dividends affect Harned’s deferred stock units at Quad/Graphics (QUAD)?
Dividends on the Class A shares underlying deferred stock units are paid in additional units rather than cash. The filing specifies 2,571 extra deferred stock units arose from such dividends, calculated using the closing price of Class A stock on each dividend payable date.
What indirect Quad/Graphics (QUAD) holdings are associated with Harned and Winderful Foundation Inc.?
The filing shows shares held indirectly by Harned as trustee of Winderful Foundation Inc. and notes he may be a current or future beneficiary. He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, reflecting typical charitable-trust reporting language.
How is Quad/Graphics (QUAD) Class B Common Stock treated in this Form 4?
Class B Common Stock is described as convertible into Class A Common Stock on a 1‑for‑1 basis at no cost, with no expiration date. This means Class B shares reported indirectly can be exchanged for an equal number of Class A shares under these stated terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
