Form 4: Graco Inc. Director Brett C. Carter Acquires Shares in Lieu of Retainer Fees

Director Brett C. Carter acquired 315 shares of Graco Inc. common stock in lieu of quarterly retainer fees on July 1, 2024.

Summary

• On July 1, 2024, Brett C. Carter, a director of Graco Inc., acquired 315 shares of common stock.
• The shares were received in lieu of quarterly retainer fees.
• The price per share was $79.28.
• Following the transaction, Carter directly owns 3,108.618 shares of Graco Inc.
• This amount includes shares acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director taking shares instead of cash could be seen as a slightly positive signal.

Positives

• The director's acquisition of shares, even in lieu of fees, can be seen as a positive sign of confidence in the company.

Industry Context

Directors receiving shares in lieu of fees is not uncommon, particularly in companies looking to conserve cash or align director interests with shareholder value.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.

Key Dates