[Form 4] Graco Inc Insider Trading Activity

Rhea-AI Filing Summary

Graco Inc. (GGG) – Form 4 Insider Transaction Summary

Director Eric Etchart filed a Form 4 reporting the receipt of 286.44 deferred stock shares on 07/01/2025. These shares were granted under the company’s Amended and Restated 2019 Stock Incentive Plan and were taken in lieu of quarterly board retainer fees. The award price reference shown on the form is $85.97 per share. Following the grant, Etchart’s total deferred stock position increased to 16,663.118 shares, all held directly. The deferred shares will convert 100% into Graco common stock and be delivered in a lump-sum or installments when the director leaves the Board. No shares were sold or otherwise disposed of, and the grant is exempt under Rule 16a-11 due to the company’s Automatic Dividend Reinvestment Plan (DRIP).

• Transaction type: Acquisition (deferred stock)
• Shares acquired: 286.44
• Ownership after transaction: 16,663.118 deferred shares (Direct)
• Purpose: Board compensation; not an open-market trade

Positive

• Director increased equity exposure by 286.44 shares, reinforcing alignment with shareholders.
• No insider selling was reported, removing any immediate negative signal.

Negative

• Transaction size is immaterial (~US$24k), offering limited insight into insider sentiment.
• Shares were granted as routine compensation—not a discretionary purchase that might signal undervaluation.

Insights

Corporate Governance Expert

TL;DR: Routine board fee conversion into deferred stock; signals alignment but immaterial to valuation.

This filing shows Mr. Etchart continuing to take his board retainer in equity, a common governance practice that modestly aligns director incentives with shareholders. Because the grant is small (~0.0005% of shares outstanding) and scheduled, it does not indicate a discretionary buy or new strategic stance. No sales occurred, so the signal is neutral-to-slightly-positive for sentiment but immaterial for valuation or control considerations.

Equity Analyst

TL;DR: Insignificant size; neutral for earnings, mildly positive for insider-confidence optics.

The 286.44-share grant equates to roughly US$24k at the referenced $85.97 price—an immaterial figure relative to Graco’s market cap. Because it is part of a preset compensation plan, it lacks the signaling power of a discretionary open-market purchase. Nevertheless, continued accumulation (now 16.7k deferred shares) reinforces long-term alignment and shows no insider selling pressure. For investors, the event carries no direct financial impact and should not drive valuation changes.

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^*

Etchart Eric

(Last) (First) (Middle)

88 11TH AVENUE NE

(Street)

MINNEAPOLIS MN 55413

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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

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

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

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)	07/01/2025		A(2)		286.44		(1)	(1)	Common Stock	286.44	$85.97	16,663.118(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 Mr. Etchart	07/01/2025
	** 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.

FAQ

How many Graco (GGG) shares did Director Eric Etchart acquire?

He received 286.44 deferred stock shares on 07/01/2025.

Was the transaction a purchase or compensation grant?

It was compensation in lieu of quarterly board retainer fees under the 2019 Stock Incentive Plan.

What is Etchart’s total beneficial ownership after the grant?

His deferred stock balance increased to 16,663.118 shares, all held directly.

Did the Form 4 include any insider sales?

No. The filing only reports an acquisition; there were no dispositions.

At what price were the deferred shares valued?

The form lists a reference value of $85.97 per share.

When will the deferred shares be settled?

They convert to common stock in a lump sum or installments when the director terminates Board service.