Claudio Merengo - May 1, 2023 Form 4 Insider Report for GRACO INC (GGG)

Role
President, Worldwide Gema
Signature
/s/ Shannon E. Quirk, attorney-in-fact for Mr. Merengo
Stock symbol
GGG
Transactions as of
May 1, 2023
Transactions value $
-$1,210,109
Form type
4
Date filed
5/2/2023, 01:50 PM
Previous filing
Feb 21, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GGG Common Stock Options Exercise $540K +21.8K +119.18% $24.79 40.1K May 1, 2023 Direct
transaction GGG Common Stock Sale -$1.75M -21.8K -54.37% $80.32 18.3K May 1, 2023 Direct F1, 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 -21.8K -100% $0.00* 0 May 1, 2023 Common Stock 21.8K $24.79 Direct F3
* 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 $80.20 to $80.53, 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 Included in the amount reported are shares of Graco Common Stock acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11.
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.