Form 4: Graco Inc. Director Etchart Acquires Deferred Stock Shares

Director Eric Etchart acquired deferred stock shares in Graco Inc. under the company's stock incentive plan.

Summary

• On October 1, 2024, Eric Etchart, a director of Graco Inc., acquired 281.4 deferred stock shares.
• These shares were accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan.
• The deferred stock shares will be settled 100% in Graco common stock upon Mr. Etchart'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 $87.51.
• Following the transaction, Mr. Etchart beneficially owns 15,638.4089 deferred stock shares, which includes shares acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP).

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of deferred stock suggests confidence in the company, but it's a routine transaction.

Positives

• The acquisition of deferred stock by a director signals confidence in the company's future performance.
• The use of deferred stock in lieu of retainer fees aligns the director's interests with those of the shareholders.

Future Outlook

The deferred stock shares will be settled 100% in Graco common stock in a lump sum or installments upon reporting person's termination of service on the Board.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates