David M. Ahlers - 18 Aug 2022 Form 4 Insider Report for GRACO INC (GGG)

Role: Executive Vice President
Signature: /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. Ahlers
Issuer symbol: GGG
Transactions as of: 18 Aug 2022
Net transactions value: -$2,759,259
Form type: 4
Filing time: 19 Aug 2022, 15:20:46 UTC
Previous filing: 18 Feb 2022
Next filing: 21 Feb 2023
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	$880,101	+44,949	+69%	$19.58	110,084	18 Aug 2022	Direct
transaction	GGG	Common Stock	Sale	$3,181,000	-44,949	-41%	$70.77	65,135	18 Aug 2022	Direct	F1, F2
transaction	GGG	Common Stock	Options Exercise	$177,219	+9,051	+14%	$19.58	74,186	19 Aug 2022	Direct
transaction	GGG	Common Stock	Sale	$635,578	-9,051	-12%	$70.22	65,135	19 Aug 2022	Direct	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	-44,949	-83%	$0.000000	9,051	18 Aug 2022	Common Stock	44,949	$19.58	Direct	F4
transaction	GGG	Non-qualified Stock Option (Right to Buy)	Options Exercise	$0	-9,051	-100%	$0.000000^*	0	19 Aug 2022	Common Stock	9,051	$19.58	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 $70.625 to $71.04, 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 set forth within the footnote.
F2	Included in the amount of reported shares are shares of Graco common stock acquired under the Graco Inc. Dividend Reinvestment Plan, exempt under Rule 16a-11, and shares acquired under the Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3.
F3	The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $70.03 to $70.47, 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 set forth within the footnote.
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.