Dale D. Johnson - May 2, 2023 Form 4 Insider Report for GRACO INC (GGG)

Signature
/s/ Shannon E. Quirk, attorney-in-fact for Mr. Johnson
Stock symbol
GGG
Transactions as of
May 2, 2023
Transactions value $
-$5,313,934
Form type
4
Date filed
5/3/2023, 04:56 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 $1.07M +43.1K +26.17% $24.93 208K May 2, 2023 Direct
transaction GGG Common Stock Sale -$3.42M -43.1K -20.74% $79.45 165K May 2, 2023 Direct F1
transaction GGG Common Stock Options Exercise $1.17M +47.1K +28.63% $24.79 212K May 2, 2023 Direct
transaction GGG Common Stock Sale -$3.71M -46.8K -22.12% $79.23 165K May 2, 2023 Direct F2
transaction GGG Common Stock Sale -$23.9K -300 -0.18% $79.81 165K May 2, 2023 Direct F3
transaction GGG Common Stock Sale -$399K -5K -3.04% $79.88 160K May 2, 2023 Direct F4, F5
holding GGG Common Stock 9.14K May 2, 2023 By ESOP F6

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 -43.1K -100% $0.00* 0 May 2, 2023 Common Stock 43.1K $24.93 Direct F7
transaction GGG Non-qualified Stock Option (Right to Buy) Options Exercise $0 -47.1K -100% $0.00* 0 May 2, 2023 Common Stock 47.1K $24.79 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.00 to $79.81, 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, full information regarding the number of shares sold at each separate price within the range set forth in the footnote.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.79 to $79.79, 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, full information regarding the number of shares sold at each separate price within the range set forth in the footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.80 to $79.81, 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, full information regarding the number of shares sold at each separate price within the range set forth in the footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.80 to $79.92, 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, full information regarding the number of shares sold at each separate price within the range set forth in the footnote.
F5 Included in the amount reported are shares acquired under Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3.
F6 The number of ESOP shares reported includes dividends paid pursuant to the Graco Employee Stock Ownership Plan, exempt under Rule 16b-3(c).
F7 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.