MARK W. SHEAHAN - 05 Jan 2024 Form 4 Insider Report for GRACO INC (GGG)

Role: President and CEO, Director
Signature: /s/ Joseph J. Humke, attorney-in-fact for Mr. Sheahan
Issuer symbol: GGG
Transactions as of: 05 Jan 2024
Net transactions value: +$1,768,289
Form type: 4
Filing time: 08 Jan 2024, 12:45:08 UTC
Previous filing: 01 Aug 2023
Next filing: 20 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	Options Exercise	$4,089,727	+43,080	+68%	$94.93	106,066	05 Jan 2024	Direct
transaction	GGG	Common Stock	Sale	$1,074,139	-12,884	-12%	$83.37	93,182	05 Jan 2024	Direct
transaction	GGG	Common Stock	Tax liability	$1,247,299	-14,961	-16%	$83.37	78,221	05 Jan 2024	Direct
holding	GGG	Common Stock						1,433	05 Jan 2024	By ESOP	F1
holding	GGG	Common Stock						2,892	05 Jan 2024	By Spouse

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	-43,080	-100%	$0.000000^*	0	05 Jan 2024	Common Stock	43,080	$24.93	Direct	F2

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

Explanation of Responses:

Id	Content
F1	ESOP - The number of shares includes dividends paid pursuant to the Graco Employee Stock Ownership Plan, exempt under Rule 16b-3(c).
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.