Christopher D. Knutson - May 1, 2023 Form 3 Insider Report for GRACO INC (GGG)

Role: EVP, Corporate Controller
Signature: /s/ Shannon E. Quirk, attorney-in-fact for Mr. Knutson
Stock symbol: GGG
Transactions as of: May 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 5/2/2023, 03:42 PM
Next filing: Feb 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GGG	Common Stock						4.45K	May 1, 2023	Direct

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
holding	GGG	Non-qualified Stock Option (Right to Buy)							May 1, 2023	Common Stock	1.76K	$43.90	Direct	F1
holding	GGG	Non-qualified Stock Option (Right to Buy)							May 1, 2023	Common Stock	1.84K	$45.56	Direct	F1
holding	GGG	Non-qualified Stock Option (Right to Buy)							May 1, 2023	Common Stock	1.81K	$56.35	Direct	F2
holding	GGG	Non-qualified Stock Option (Right to Buy)							May 1, 2023	Common Stock	1.27K	$71.92	Direct	F2
holding	GGG	Non-qualified Stock Option (Right to Buy)							May 1, 2023	Common Stock	1.18K	$71.73	Direct	F2
holding	GGG	Non-qualified Stock Option (Right to Buy)							May 1, 2023	Common Stock	1.09K	$71.47	Direct	F2
holding	GGG	Non-qualified Stock Option (Right to Buy)							May 1, 2023	Common Stock	97	$71.08	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Employee stock option granted pursuant to the Graco Inc. 2015 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.
F2	Employee stock option granted pursuant to the Graco Inc. 2019 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.
F3	Employee stock option granted pursuant to the Graco Inc. 2019 Stock Incentive Plan in transaction exempt under Rule 16b-3. The stock option becomes exercisable in its entirety three years after the date of the grant.