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
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 $1.07M +43.1K +7.15% $24.93 645K 08 Feb 2024 Direct F1
transaction GGG Common Stock Tax liability -$2.29M -26.2K -4.07% $87.30 619K 08 Feb 2024 Direct
holding GGG Common Stock 1.43K 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 -43.1K -100% $0.00* 0 08 Feb 2024 Common Stock 43.1K $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.