Jeffrey P. Johnson - May 22, 2023 Form 4 Insider Report for GRACO INC (GGG)

Role: President, Electric Motor Div
Signature: /s/ Shannon E. Quirk, attorney-in-fact for Mr. Johnson
Stock symbol: GGG
Transactions as of: May 22, 2023
Transactions value $: -$817,809
Form type: 4
Date filed: 5/23/2023, 10:54 AM
Previous filing: May 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GGG	Common Stock	Options Exercise	$380K	+15.3K	+49.46%	$24.93	46.1K	May 22, 2023	Direct
transaction	GGG	Common Stock	Sale	-$1.2M	-15.3K	-33.09%	$78.55	30.8K	May 22, 2023	Direct	F1

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	-15.3K	-100%	$0.00^*	0	May 22, 2023	Common Stock	15.3K	$24.93	Direct	F2

* 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. The shares were sold at prices ranging from $78.50 to $78.7811, 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	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.

Content

The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $78.50 to $78.7811, 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.

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.