Director receives deferred stock grant at Graco (NYSE: GGG) tied to board service

Rhea-AI Filing Summary

Graco Inc. director Heather L. Anfang received a grant of deferred stock shares as board compensation. On April 1, 2026, she was awarded 295.3300 deferred stock shares, corresponding to 295.3300 shares of Graco common stock, increasing her deferred stock balance to 3,499.4711 shares.

The award was accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan and is to be settled 100% in Graco common stock, in a lump sum or installments, when her service on the Board ends. Some deferred stock shares were received in lieu of quarterly retainer fees and include shares acquired through the Automatic Dividend Reinvestment Plan under Rule 16a-11.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Anfang Heather L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Shares	295.33	$84.65	$25K

Holdings After Transaction: Deferred Stock Shares — 3,499.471 shares (Direct)

Footnotes (1)

1. The deferred stock shares were accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan and are to be settled 100% in Graco common stock in a lump sum or installments upon reporting person's termination of service on the Board. Shares of Graco Inc. deferred stock received in lieu of quarterly retainer fees. The number of deferred stock shares includes deferred stock shares acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11.

Key Figures

Deferred stock grant: 295.3300 shares Reference price per share: $84.6500 Deferred stock balance: 3,499.4711 shares +2 more

5 metrics

Deferred stock grant 295.3300 shares Deferred stock shares awarded on April 1, 2026

Reference price per share $84.6500 Price per deferred stock share for this award

Deferred stock balance 3,499.4711 shares Total deferred stock shares following the transaction

Underlying common shares 295.3300 shares Common stock underlying this deferred stock award

Conversion price $0.0000 Conversion or exercise price for the deferred stock shares

Key Terms

Deferred Stock Shares, Amended and Restated 2019 Stock Incentive Plan, Automatic Dividend Reinvestment Plan (DRIP), Rule 16a-11, +1 more

5 terms

Deferred Stock Shares financial

"The deferred stock shares were accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan"

Amended and Restated 2019 Stock Incentive Plan financial

"accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan and are to be settled 100% in Graco common stock"

Automatic Dividend Reinvestment Plan (DRIP) financial

"includes deferred stock shares acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11"

Rule 16a-11 regulatory

"Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Anfang Heather L

(Last) (First) (Middle)

88 11TH AVENUE NE

(Street)

MINNEAPOLIS MINNESOTA 55413

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GRACO INC [ GGG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Shares	(1)	04/01/2026		A(2)		295.33		(1)	(1)	Common Stock	295.33	$84.65	3,499.4711(3)	D

Explanation of Responses:

1. The deferred stock shares were accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan and are to be settled 100% in Graco common stock in a lump sum or installments upon reporting person's termination of service on the Board.

2. Shares of Graco Inc. deferred stock received in lieu of quarterly retainer fees.

3. The number of deferred stock shares includes deferred stock shares acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11.

	/s/ Joseph J. Humke, attorney-in-fact for Ms. Anfang	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Graco (GGG) report for Heather L. Anfang?

Graco reported that director Heather L. Anfang received 295.3300 deferred stock shares as a grant. These shares are a form of equity compensation tied to her Board service and will eventually convert into Graco common stock when her Board service ends.

How many deferred stock shares does Heather L. Anfang hold after this Form 4 for Graco (GGG)?

After the April 1, 2026 award, Heather L. Anfang holds 3,499.4711 deferred stock shares. This total includes the new 295.3300-share grant, prior deferred awards, and additional shares accumulated through Graco’s Automatic Dividend Reinvestment Plan under Rule 16a-11.

How and when will the deferred stock shares for Graco (GGG) be settled?

The deferred stock shares will be settled 100% in Graco common stock when Heather L. Anfang’s Board service ends. Settlement may occur in a single lump-sum payment or in installments, as provided under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan.

What plan governs the deferred stock award reported in Graco (GGG)’s Form 4?

The deferred stock award was accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan. This plan provides equity-based compensation for directors, including deferred stock that converts into common shares upon termination of Board service, aligning director incentives with shareholders.

Why did Heather L. Anfang receive deferred stock instead of cash fees at Graco (GGG)?

The Form 4 notes that some deferred stock shares were received in lieu of quarterly retainer fees. Instead of cash, part of her Board compensation is paid as deferred stock, which will later convert into Graco common stock, adding an equity component to her compensation.