Jeffrey P. Johnson - Nov 23, 2022 Form 4 Insider Report for GRACO INC (GGG)

Role
President, Electric Motor Div
Signature
/s/ Francis J. Brixius Jr., attorney-in-fact for Mr. Johnson
Stock symbol
GGG
Transactions as of
Nov 23, 2022
Transactions value $
-$2,732,999
Form type
4
Date filed
11/28/2022, 09:30 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 $1.06M +54K +177.15% $19.58 84.5K Nov 23, 2022 Direct
transaction GGG Common Stock Sale -$3.79M -54K -63.92% $70.19 30.5K Nov 23, 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 -54K -100% $0.00* 0 Nov 23, 2022 Common Stock 54K $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 $69.96 to $70.44, 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 are shares acquired under Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3, and shares from broker dividend reinvestment.
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.