DAVID M. LOWE - 08 Feb 2024 Form 4 Insider Report for GRACO INC (GGG)

Role: CFO and Treasurer
Signature: /s/ Joseph J. Humke, attorney-in-fact for Mr. Lowe
Issuer symbol: GGG
Transactions as of: 08 Feb 2024
Net transactions value: -$1,216,185
Form type: 4
Filing time: 09 Feb 2024, 13:18:37 UTC
Previous filing: 21 Feb 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	$1,074,131	+43,080	+7.2%	$24.93	645,203	08 Feb 2024	Direct	F1
transaction	GGG	Common Stock	Tax liability	$2,290,316	-26,235	-4.1%	$87.30	618,968	08 Feb 2024	Direct
holding	GGG	Common Stock						1,433	08 Feb 2024	By ESOP	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)	Options Exercise	$0	-43,080	-100%	$0.000000^*	0	08 Feb 2024	Common Stock	43,080	$24.93	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Included in the amount reported are shares acquiared under Graco Employee Stock Purchase Plan, exempt under Rule 16b-3.
F2	The number of ESOP shares include ESOP shares acquired in unreported dividend reinvestment transactions, exempt under Rule 16b-3.
F3	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.