Graco director awarded deferred stock shares
Graco Inc. director Archie C. Black received a grant of 352.8100 deferred stock shares, valued at $75.6100 per share.
Rhea-AI Filing Summary
Graco Inc. director Archie C. Black received a grant of 352.8100 deferred stock shares, valued at $75.6100 per share. These deferred stock shares were accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan and are to be settled entirely in Graco common stock in a lump sum or installments when his service on the Board ends.
The filing shows his total deferred stock share balance increased to 4,135.9253 shares following this award. The footnotes state that these deferred shares are received in lieu of quarterly retainer fees and that the balance also includes shares acquired under Graco’s Automatic Dividend Reinvestment Plan, which is exempt under Rule 16a-11.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Shares | 352.81 | $75.61 | $27K |
Footnotes (3)
- F1. 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.
- F2. Shares of Graco Inc. deferred stock received in lieu of quarterly retainer fees.
- F3. 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
Key Terms
Amended and Restated 2019 Stock Incentive Plan financial
Automatic Dividend Reinvestment Plan (DRIP) financial
Rule 16a-11 regulatory
deferred stock financial
FAQ
What did Graco (GGG) director Archie C. Black report in this Form 4?
What role does Graco’s Automatic Dividend Reinvestment Plan (DRIP) play in these holdings?
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