Form 4: Graco Inc. Director Etchart Exercises Stock Options and Sells Shares
SEC Form 4
Director Eric Etchart exercised stock options and sold 10,000 shares of Graco Inc. common stock on November 4, 2024.
Summary
- On November 4, 2024, Eric Etchart, a director of Graco Inc., exercised non-qualified stock options to acquire 4,000 shares at $24.0667 and 6,000 shares at $26.68.
- Following the exercise of these options, Mr. Etchart sold 10,000 shares of Graco Inc. common stock at a price of $83 per share.
- After these transactions, Mr. Etchart directly owns 41,273.815 shares of Graco Inc. common stock and 12,000 non-qualified stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. It doesn't indicate positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences for directors and officers of publicly traded companies. These filings are monitored by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale relative to the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 11/04/2024 | Date of stock option exercise and share sale. |
| 04/24/2025 | Expiration date for 4,000 non-qualified stock options. |
| 04/22/2026 | Expiration date for 6,000 non-qualified stock options. |
| 11/05/2024 | Date of signature on the Form 4 filing. |
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