Claudio Merengo - 26 Feb 2024 Form 4 Insider Report for GRACO INC (GGG)

Signature
/s/ Joseph J. Humke, attorney-in-fact for Mr. Merengo
Issuer symbol
GGG
Transactions as of
26 Feb 2024
Net transactions value
-$837,217
Form type
4
Filing time
27 Feb 2024, 14:22:09 UTC
Previous filing
20 Feb 2024
Next filing
28 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GGG Common Stock Options Exercise $301,708 +12,652 +67% $23.85 31,499 26 Feb 2024 Direct F1
transaction GGG Common Stock Sale $1,138,925 -12,652 -40% $90.02 18,847 26 Feb 2024 Direct 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 -12,652 -46% $0.000000 14,744 26 Feb 2024 Common Stock 12,652 $23.85 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 of Graco common stock acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11, and shares acquired under the Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3
F2 The price in Column 4 is a weighted average price. The shares were sold at prices ranging from $90.00 to $90.077, inclusive. The reporting person undertakes to provide Graco Inc., any security holder of Graco Inc., or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within the range set forth in the footnote.
F3 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.