GILLIGAN J KEVIN - 01 Apr 2023 Form 4/A - Amendment Insider Report for GRACO INC (GGG)

Role
Director
Signature
/s/ Shannon E. Quirk, attorney-in-fact for Mr. Gilligan
Issuer symbol
GGG
Transactions as of
01 Apr 2023
Net transactions value
+$24,250
Form type
4/A - Amendment
Filing time
14 Apr 2023, 13:34:55 UTC
Date Of Original Report
03 Apr 2023
Previous filing
21 Feb 2023
Next filing
02 May 2023
SEC
View on sec.gov

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 Deferred Stock Shares Award $24,250 +332 +0.37% $73.01 90,375 01 Apr 2023 Common Stock 332 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The deferred stock shares were accrued under the Graco Inc. 2019 Stock Incentive Plan and are to be settled 100% in Graco common stock in a lump sum or installments upon reporting person's termination of service on the Board.
F2 Shares of Graco Inc. deferred stock received in lieu of quarterly retainer fees.
F3 The number of deferred stock shares includes deferred stock shares acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11.

Remarks:

Due to an error in calculating the quarterly Management Organization and Compensation Committee retainer, the number of deferred stock shares provided to this reporting person was understated. This Form 4 has been amended to correct the number of deferred stock shares provided.