Gilligan J Kevin - May 1, 2023 Form 4 Insider Report for GRACO INC (GGG)

Role: Director
Signature: /s/ Shannon E. Quirk, attorney-in-fact for Mr. Gilligan
Stock symbol: GGG
Transactions as of: May 1, 2023
Transactions value $: -$910,925
Form type: 4
Date filed: 5/2/2023, 01:29 PM
Previous filing: Apr 14, 2023
Next filing: Jul 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GGG	Common Stock	Options Exercise	$393K	+16.3K		$24.07	16.3K	May 1, 2023	Direct
transaction	GGG	Common Stock	Sale	-$1.3M	-16.3K	-100%	$79.88	0	May 1, 2023	Direct	F1
holding	GGG	Common Stock						44.1K	May 1, 2023	As Trustee

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	-16.3K	-100%	$0.00^*	0	May 1, 2023	Common Stock	16.3K	$24.07	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The price in Column 4 is a weighted average price. The shares were sold at prices ranging from $79.64 to $80.09, 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	Nonemployee director stock option granted pursuant to the Graco Inc. 2015 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.

Content

The price in Column 4 is a weighted average price. The shares were sold at prices ranging from $79.64 to $80.09, 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.

Nonemployee director stock option granted pursuant to the Graco Inc. 2015 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.