R. White - May 10, 2022 Form 4 Insider Report for GRACO INC (GGG)

Role: Pres., Worldwide Process Div
Signature: /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. White
Stock symbol: GGG
Transactions as of: May 10, 2022
Transactions value $: $85,760
Form type: 4
Date filed: 5/12/2022, 08:35 AM
Previous filing: Feb 18, 2022
Next filing: Feb 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GGG	Common Stock	Options Exercise	$85.8K	+4.38K	+9.51%	$19.58	50.4K	May 10, 2022	Direct	F1
holding	GGG	Common Stock						2.43K	May 10, 2022	Common Stock (By ESOP)	F2

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	-4.38K	-100%	$0.00^*	0	May 10, 2022	Common Stock	4.38K	$19.58	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 acquired under Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3.
F2	The number of ESOP shares reported includes dividends paid pursuant to the Graco Employee Stock Ownership Plan, exempt under Rule 16b-3(c).
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.