Graco (GGG) director receives 620.94 deferred stock units as fees
Rhea-AI Filing Summary
GILLIGAN J KEVIN reported acquisition or exercise transactions in this Form 4 filing.
Graco Inc. director J. Kevin Gilligan reported a compensation-related award of 620.94 deferred stock shares on Graco common stock. The shares were received in lieu of quarterly retainer fees under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan and reference a price of $75.61 per share. These deferred stock shares will be settled entirely in Graco common stock in a lump sum or installments when his Board service ends. After this award, his deferred stock balance totals 99,367.0749 shares, including amounts accrued through the company’s Automatic Dividend Reinvestment Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Shares | 620.94 | $75.61 | $47K |
Footnotes (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
Key Terms
Amended and Restated 2019 Stock Incentive Plan financial
Automatic Dividend Reinvestment Plan (DRIP) financial
Rule 16a-11 regulatory
termination of service on the Board financial
FAQ
What insider transaction did Graco (GGG) disclose for director J. Kevin Gilligan?
Graco disclosed that director J. Kevin Gilligan received a grant of 620.94 deferred stock shares. These represent Board compensation rather than an open-market purchase and are tied to Graco common stock under the company’s stock incentive plan.