Douglas P. Buth - 21 May 2025 Form 4 Insider Report for Quad/Graphics, Inc. (QUAD)

Role: Director
Signature: /s/ Sherilyn R. Whitmoyer as attorney-in-fact for Douglas P. Buth
Issuer symbol: QUAD
Transactions as of: 21 May 2025
Transactions value $: $0
Form type: 4
Filing time: 23 May 2025, 12:23:47 UTC
Previous filing: 19 Nov 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Buth Douglas P	Director	C/O QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX	/s/ Sherilyn R. Whitmoyer as attorney-in-fact for Douglas P. Buth	23 May 2025	0001495364

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QUAD	Class A Common Stock	Award	$0	+22,004	+15.47%	$0	164,201	21 May 2025	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Includes 22,004 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 21, 2027 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 1,232 additional deferred stock units resulting from the payment of dividends on the Class A Common Stock underlying deferred stock units previously granted.

Content

Includes 22,004 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 21, 2027 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 1,232 additional deferred stock units resulting from the payment of dividends on the Class A Common Stock underlying deferred stock units previously granted.