Caroline M. Chambers - 22 Nov 2022 Form 4 Insider Report for GRACO INC (GGG)

Role
President, EMEA
Signature
/s/ Francis J. Brixius Jr., attorney-in-fact for Ms. Chambers
Issuer symbol
GGG
Transactions as of
22 Nov 2022
Net transactions value
-$744,554
Form type
4
Filing time
22 Nov 2022, 12:19:58 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 $587,400 +30,000 +80% $19.58 67,640 22 Nov 2022 Direct
transaction GGG Common Stock Sale $1,331,954 -19,041 -28% $69.95 48,599 22 Nov 2022 Direct F1, 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 -30,000 -100% $0.000000* 0 22 Nov 2022 Common Stock 30,000 $19.58 Direct F3
* 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 $69.64 to $70.24, 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 of Graco Common Stock acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11, and shares acquired under the Graco Inc. 2006 Employee Stock Purchase Plan, 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.