R. White - Sep 8, 2021 Form 4 Insider Report for GRACO INC (GGG)

Role: President, Worldwide Process
Signature: /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. White
Stock symbol: GGG
Transactions as of: Sep 8, 2021
Transactions value $: -$157,332
Form type: 4
Date filed: 9/9/2021, 03:20 PM
Next filing: Feb 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GGG	Common Stock	Options Exercise	$42.6K	+2.57K	+5.61%	$16.61^*	48.3K	Sep 8, 2021	Direct
transaction	GGG	Common Stock	Sale	-$200K	-2.57K	-5.31%	$77.95	45.7K	Sep 8, 2021	Direct	F1, F2
holding	GGG	Common Stock						2.42K	Sep 8, 2021	Common Stock (By ESOP)	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GGG	Non-qualified Stock Option (Right to Buy)	Options Exercise	$0	-2.57K	-100%	$0.00^*	0	Sep 8, 2021	Common Stock	2.57K	$16.61	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $77.92 to $77.965, inclusive. The reporting person undertakes to provide Graco Inc., any security holder of Graco Inc., or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within the range set forth in the footnote.
F2	Included in the amount reported are shares acquired under Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3.
F3	The number of ESOP shares reported includes dividends paid pursuant to the Graco Employee Stock Ownership Plan, exempt under Rule 16b-3(c).
F4	Employee stock option granted pursuant to the Graco Inc. 2010 Stock Incentive Plan in transaction exempt under Rule 16b-3. The stock option becomes exercisable in four equal annual installments, commencing one year after the date of the grant.