Eric Etchart - 02 Feb 2023 Form 4 Insider Report for GRACO INC (GGG)

Role: Director
Signature: /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. Etchart
Issuer symbol: GGG
Transactions as of: 02 Feb 2023
Net transactions value: -$312,380
Form type: 4
Filing time: 03 Feb 2023, 13:38:51 UTC
Previous filing: 04 Jan 2023
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	$119,020	+6,000	+19%	$19.84	37,597	02 Feb 2023	Direct
transaction	GGG	Common Stock	Sale	$431,400	-6,000	-16%	$71.90	31,597	02 Feb 2023	Direct	F1

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	-6,000	-100%	$0.000000^*	0	02 Feb 2023	Common Stock	6,000	$19.84	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Sale pursuant to a 10b5-1 trading plan dated November 11, 2022.
F2	Nonemployee director stock option granted pursuant to the Graco Inc. 2010 Stock Incentive Plan in a 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.