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
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	$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

Showing 1 to 3 of 3 entries

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.