Form 4: Graco Inc. Director Archie C. Black Reports Acquisition of Deferred Stock Shares

Director Archie C. Black reports acquisition of deferred stock shares in Graco Inc. under the company's Amended and Restated 2019 Stock Incentive Plan.

Summary

• On April 1, 2025, Archie C. Black, a director of Graco Inc., acquired 299.37 deferred stock shares.
• These shares were accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan.
• The shares are to be settled 100% in Graco common stock upon Mr. Black's termination of service on the Board, either in a lump sum or installments.
• The acquisition was in lieu of quarterly retainer fees.
• The price of the deferred stock was $83.51.
• Following the transaction, Mr. Black beneficially owns 2,544.3823 deferred stock shares.
• This amount includes shares acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP).

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating a director's acquisition of deferred stock, suggesting a neutral to slightly positive sentiment due to alignment of interests.

Positives

• The acquisition of deferred stock shares demonstrates a continued investment and alignment of interests between the director and the company's long-term performance.

Future Outlook

The deferred stock shares will be settled in Graco common stock upon Mr. Black's termination of service on the Board.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Director compensation packages often include deferred stock or restricted stock units to align director interests with shareholder value, a common practice among publicly traded companies.
• The Graco Inc. Amended and Restated 2019 Stock Incentive Plan is similar to those offered by comparable companies such as Illinois Tool Works (ITW) and Dover Corporation (DOV), which also utilize stock-based compensation to incentivize executives and directors.

Stakeholder Impact

• The acquisition of deferred stock by a director can positively influence shareholder confidence by demonstrating alignment of interests.

Key Dates

Keywords

Graco Inc., Archie C. Black, deferred stock, Form 4, director, stock incentive plan, DRIP, beneficial ownership