David M. Lowe - Feb 9, 2023 Form 4 Insider Report for GRACO INC (GGG)

Role: CFO and Treasurer
Signature: /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. Lowe
Stock symbol: GGG
Transactions as of: Feb 9, 2023
Transactions value $: -$1,126,932
Form type: 4
Date filed: 2/10/2023, 10:55 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	+9.33%	$19.58	633K	Feb 9, 2023	Direct
transaction	GGG	Common Stock	Sale	-$2.18M	-31.1K	-4.92%	$70.17	602K	Feb 9, 2023	Direct	F1
holding	GGG	Common Stock						1.42K	Feb 9, 2023	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	-54K	-100%	$0.00^*	0	Feb 9, 2023	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	Included in the amount reported are shares acquiared under Graco Employee Stock Purchase Plan, exempt under Rule 16b-3.
F2	The number of ESOP shares include ESOP shares acquired in unreported dividend reinvestment transactions, 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.