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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Shares | 300.41 | $81.97 | $25K |
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.
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.
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.