David M. Lowe - Feb 15, 2022 Form 4 Insider Report for GRACO INC (GGG)

Role: CFO and Treasurer
Signature: /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. Lowe
Stock symbol: GGG
Transactions as of: Feb 15, 2022
Transactions value $: -$1,052,649
Form type: 4
Date filed: 2/16/2022, 01:32 PM
Next filing: Feb 18, 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GGG	Common Stock	Options Exercise	$927K	+55.8K	+10.13%	$16.61^*	607K	Feb 15, 2022	Direct
transaction	GGG	Common Stock	Sale	-$1.98M	-28K	-4.62%	$70.70	579K	Feb 15, 2022	Direct	F1
holding	GGG	Common Stock						1.4K	Feb 15, 2022	By ESOP	F2

Showing 1 to 3 of 3 entries

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	-55.8K	-100%	$0.00^*	0	Feb 15, 2022	Common Stock	55.8K	$16.61	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Included in the amount reported are shares acquiared under Graco Employee Stock Purchase Plan, exempt under Rule 16b-3.
F2	The number of ESOP shares include ESOP shares acquired in unreported dividend reinvestment transactions, exempt under Rule 16b-3.
F3	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.