Dale D. Johnson - Mar 15, 2024 Form 4 Insider Report for GRACO INC (GGG)

Role: Chief Comm Development Officer
Signature: /s/ Joseph J. Humke, attorney-in-fact for Mr. Johnson
Stock symbol: GGG
Transactions as of: Mar 15, 2024
Transactions value $: -$4,436,091
Form type: 4
Date filed: 3/15/2024, 05:13 PM
Previous filing: Feb 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GGG	Common Stock	Options Exercise	$1.51M	+63.5K	+39.79%	$23.85	223K	Mar 15, 2024	Direct
transaction	GGG	Common Stock	Sale	-$5.95M	-63.5K	-28.46%	$93.70	160K	Mar 15, 2024	Direct	F1
holding	GGG	Common Stock						9.25K	Mar 15, 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	-63.5K	-100%	$0.00^*	0	Mar 15, 2024	Common Stock	63.5K	$23.85	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.35 to $94.18, 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, full information regarding the number of shares sold at each separate price within the range set forth in the footnote.
F2	The number of ESOP shares reported includes dividends paid pursuant to the Graco Employee Stock Ownership Plan, exempt under Rule 16b-3(c).
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.