Form 4: Graco Inc. Director Heather L. Anfang Reports Acquisition of Deferred Stock

Director Heather L. Anfang reports acquisition of deferred stock shares in Graco Inc. under the company's stock incentive plan.

Summary

• On October 1, 2024, Heather L. Anfang, a director of Graco Inc., reported the acquisition of 285.68 deferred stock shares.
• These shares were accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan.
• The deferred stock shares are to be settled 100% in Graco common stock upon Ms. Anfang's termination of service on the Board.
• The shares were received in lieu of quarterly retainer fees.
• The reporting person directly owns 1,670.9194 deferred stock shares.
• The price of the deferred stock is $87.51.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of deferred stock aligns the director's interests with the long-term performance of Graco Inc.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common among publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include deferred stock or restricted stock units to align director interests with shareholder value.
• The Graco Inc. Amended and Restated 2019 Stock Incentive Plan is a typical mechanism for granting such equity-based compensation.

Stakeholder Impact

• The acquisition of deferred stock aligns the director's interests with those of the shareholders.

Key Dates