Graco (NYSE: GGG) director receives deferred stock award in lieu of fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GILLIGAN J KEVIN reported acquisition or exercise transactions in this Form 4 filing.
Graco Inc. director J. Kevin Gilligan received 394.270 deferred stock shares as a grant under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan. These deferred stock shares will be settled in Graco common stock in a lump sum or installments when he leaves the Board. The award represents director compensation, received in lieu of quarterly retainer fees, and brings his deferred stock balance to 98,386.0932 shares, including amounts accrued through the company’s Automatic Dividend Reinvestment Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GILLIGAN J KEVIN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Shares | 394.27 | $84.65 | $33K |
Holdings After Transaction:
Deferred Stock Shares — 98,386.093 shares (Direct)
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
Deferred stock grant: 394.270 shares
Reference price per share: $84.6500 per share
Deferred stock holdings: 98,386.0932 shares
+1 more
4 metrics
Deferred stock grant
394.270 shares
Deferred stock shares granted on April 1, 2026
Reference price per share
$84.6500 per share
Price associated with deferred stock share grant
Deferred stock holdings
98,386.0932 shares
Total deferred stock shares following the transaction
Conversion ratio
1:1 into common stock
Deferred stock to be settled 100% in Graco common stock
Key Terms
Deferred Stock Shares, Amended and Restated 2019 Stock Incentive Plan, Automatic Dividend Reinvestment Plan (DRIP), Rule 16a-11, +1 more
5 terms
Amended and Restated 2019 Stock Incentive Plan financial
"accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan"
Automatic Dividend Reinvestment Plan (DRIP) financial
"includes deferred stock shares acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP)"
Rule 16a-11 regulatory
"acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11"
quarterly retainer fees financial
"Shares of Graco Inc. deferred stock received in lieu of quarterly retainer fees"
FAQ
What did Graco (GGG) director J. Kevin Gilligan report in this Form 4?
He reported a grant of 394.270 deferred stock shares as director compensation. These were issued under Graco’s 2019 Stock Incentive Plan and are payable in common stock after he leaves the Board, rather than as immediate cash retainer fees.
Is the Graco (GGG) Form 4 transaction an open-market stock purchase or sale?
It is not an open-market trade. The filing shows a compensation-related award coded as an acquisition, where deferred stock shares are granted in lieu of cash retainer fees, to be settled later in Graco common stock when board service ends.
Why did the Graco (GGG) director receive deferred stock instead of cash fees?
Footnotes state the director received shares of Graco deferred stock in lieu of quarterly retainer fees. This structure compensates him with equity-based awards, aligning director compensation with company performance rather than paying those retainers entirely in cash.