Graco Inc. (GGG) director adds deferred stock under 2019 incentive plan

Rhea-AI Filing Summary

Graco Inc. director Mr. Etchart reported receiving 300.41 deferred stock shares of Graco common stock on 01/01/2026 at a reference price of $81.97 per share. These are reported as a derivative security called deferred stock shares, each linked to one share of Graco common stock.

The new award was made under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan and represents stock-based compensation received in lieu of quarterly board retainer fees. The deferred shares will be settled 100% in Graco common stock, either in a lump sum or installments, when Mr. Etchart’s service on the Board ends. Following this transaction, he beneficially owns 17,365.1159 deferred stock shares directly, which also reflect amounts accumulated through the company’s dividend reinvestment plan.

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

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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)
01/01/2026

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)	01/01/2026		A(2)		300.41		(1)	(1)	Common Stock	300.41	$81.97	17,365.1159(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	01/05/2026
	** 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).
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FAQ

What insider transaction did Graco Inc. (GGG) report for 01/01/2026?

Graco Inc. reported that director Mr. Etchart acquired 300.41 deferred stock shares on 01/01/2026, linked one-for-one to Graco common stock and recorded at a reference price of $81.97 per share.

How many Graco Inc. deferred stock shares does the director own after this Form 4?

After the reported transaction, the director beneficially owns 17,365.1159 deferred stock shares of Graco Inc. common stock on a direct basis.

What plan governs the deferred stock shares reported for Graco Inc. (GGG)?

The deferred stock shares were accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan, which provides for settlement in Graco common stock.

How and when will the Graco Inc. deferred stock shares be settled?

The filing states that the deferred stock shares are to be settled 100% in Graco common stock, in a lump sum or installments, upon the reporting person’s termination of service on the Board.

Why did the Graco Inc. director receive deferred stock instead of cash?

The director received shares of deferred stock in lieu of quarterly retainer fees, meaning a portion of board compensation was taken as stock-based awards rather than cash.

Do the reported Graco (GGG) deferred stock holdings include dividend reinvestments?

Yes. The filing explains that the total number of deferred stock shares includes amounts acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), which is exempt under Rule 16a-11.