Peter J. O'Shea - Nov 8, 2023 Form 4 Insider Report for GRACO INC (GGG)

Role
President, WW LED, Pres SCA
Signature
/s/ Joseph J. Humke, attorney-in-fact for Mr. O'Shea
Stock symbol
GGG
Transactions as of
Nov 8, 2023
Transactions value $
$0
Form type
4
Date filed
12/22/2023, 04:06 PM
Previous filing
Jun 16, 2023
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GGG Common Stock Other $0 -14.2K -50% $0.00 14.2K Nov 8, 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) Other $0 -8.42K -50% $0.00 8.42K Nov 8, 2023 Common Stock 8.42K $24.93 Direct F3, F4
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -18.1K -50% $0.00 18.1K Nov 8, 2023 Common Stock 18.1K $24.79 Direct F3, F4
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -23.8K -50% $0.00 23.8K Nov 8, 2023 Common Stock 23.8K $23.85 Direct F3, F5
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -18.8K -50% $0.00 18.8K Nov 8, 2023 Common Stock 18.8K $30.35 Direct F3, F5
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -13.1K -50% $0.00 13.1K Nov 8, 2023 Common Stock 13.1K $43.90 Direct F3, F5
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -16.4K -50% $0.00 16.4K Nov 8, 2023 Common Stock 16.4K $45.56 Direct F3, F5
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -16.3K -47.79% $0.00 17.8K Nov 8, 2023 Common Stock 16.3K $56.35 Direct F3, F6
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -11.2K -41.73% $0.00 15.7K Nov 8, 2023 Common Stock 11.2K $71.92 Direct F3, F6
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -7.82K -29.82% $0.00 18.4K Nov 8, 2023 Common Stock 7.82K $71.73 Direct F3, F6
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -1.64K -7.35% $0.00 20.7K Nov 8, 2023 Common Stock 1.64K $71.47 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Graco Common Stock transferred to the Reporting Person's former spouse pursuant to a divorce decree. Following the transfer, the Reporting Person no longer has a reportable beneficial ownership in these securities.
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 Represents the beneficial ownership interests in stock options transferred to the Reporting Person's former spouse pursuant to a divorce decree. Following the transfer, the Reporting Person no longer has a reportable beneficial ownership in these securities.
F4 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.
F5 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.
F6 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.

Remarks:

The reported common stock and stock option transfer was completed in connection with Mr. O'Shea's marital dissolution, which was concluded on November 8, 2023.