Form 4: Graco Inc. Director Heather L. Anfang Acquires Stock Options

Director Heather L. Anfang acquired 4,980 non-qualified stock options in Graco Inc. on February 14, 2025, exercisable in installments starting one year from the grant date.

Summary

• Heather L. Anfang, a director of Graco Inc., acquired 4,980 non-qualified stock options on February 14, 2025.
• The exercise price of these options is $86.06.
• The options become exercisable in four equal annual installments, beginning one year after the grant date.
• These options were granted pursuant to the Graco Inc. Amended and Restated 2019 Stock Incentive Plan and are exempt under Rule 16b-3.
• A power of attorney was executed on January 6, 2025, granting Joseph J. Humke, Alexander P. Kingsley, David M. Lawrence, and David M. Lowe the authority to act on behalf of Heather L. Anfang for SEC filings related to Graco Inc. securities.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The acquisition of stock options by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but the stock options vest over time, incentivizing the director to contribute to the company's long-term success.

Industry Context

Stock option grants are a common form of executive compensation in publicly traded companies, aligning the interests of management and shareholders.

Comparison to Industry Standards

• Stock option grants are a standard component of executive compensation packages in publicly traded companies like Graco Inc.
• Companies such as Illinois Tool Works (ITW) and Dover Corporation (DOV), which operate in similar industrial sectors, also utilize stock options as part of their executive compensation plans.
• The vesting schedule of four equal annual installments is a typical arrangement, aligning with industry norms for incentivizing long-term performance.

Stakeholder Impact

• The stock option grant aligns the director's interests with those of shareholders, potentially leading to decisions that benefit the company's long-term value.
• Employees may view the grant as a positive sign, indicating the company's commitment to rewarding its leadership.

Key Dates

Keywords

stock options, Form 4, Graco Inc., director, Heather L. Anfang, securities, acquisition, power of attorney