Peter J. O'Shea - 08 Nov 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
Issuer symbol
GGG
Transactions as of
08 Nov 2023
Net transactions value
$0
Form type
4
Filing time
22 Dec 2023, 16:06:34 UTC
Previous filing
16 Jun 2023
Next filing
07 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GGG Common Stock Other $0 -14,156 -50% $0.000000 14,155 08 Nov 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 -8,420 -50% $0.000000 8,420 08 Nov 2023 Common Stock 8,420 $24.93 Direct F3, F4
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -18,075 -50% $0.000000 18,075 08 Nov 2023 Common Stock 18,075 $24.79 Direct F3, F4
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -23,820 -50% $0.000000 23,820 08 Nov 2023 Common Stock 23,820 $23.85 Direct F3, F5
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -18,795 -50% $0.000000 18,795 08 Nov 2023 Common Stock 18,795 $30.35 Direct F3, F5
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -13,095 -50% $0.000000 13,095 08 Nov 2023 Common Stock 13,095 $43.90 Direct F3, F5
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -16,390 -50% $0.000000 16,390 08 Nov 2023 Common Stock 16,390 $45.56 Direct F3, F5
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -16,296 -48% $0.000000 17,804 08 Nov 2023 Common Stock 16,296 $56.35 Direct F3, F6
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -11,222 -42% $0.000000 15,668 08 Nov 2023 Common Stock 11,222 $71.92 Direct F3, F6
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -7,822 -30% $0.000000 18,408 08 Nov 2023 Common Stock 7,822 $71.73 Direct F3, F6
transaction GGG Non-qualified Stock Option (Right to Buy) Other $0 -1,640 -7.3% $0.000000 20,680 08 Nov 2023 Common Stock 1,640 $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.