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 2019 Stock Incentive Plan.

Summary

• On July 1, 2024, Heather L. Anfang, a director of Graco Inc., reported the acquisition of 315.34 deferred stock shares.
• These shares were accrued under the Graco Inc. 2019 Stock Incentive Plan and will be settled in Graco common stock upon termination of service on the Board.
• The shares were received in lieu of quarterly retainer fees.
• The reporting person directly owns 1,380.7897 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 positive. It reflects a director's continued investment in the company through deferred stock, aligning interests with shareholders. There are no negative implications.

Positives

• The acquisition of deferred stock demonstrates the director's continued investment in the company.
• 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 in Graco common stock upon the director's termination of service on the Board, either in a lump sum or installments.

Industry Context

This filing is a routine disclosure of a director's acquisition of company stock, which is common in publicly traded companies. It reflects a component of director compensation and aligns with standard corporate governance practices.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units, or deferred stock to align their interests with shareholders.
• The Graco Inc. 2019 Stock Incentive Plan is a common mechanism for granting equity-based compensation.
• Automatic Dividend Reinvestment Plans (DRIPs) are widely used by companies to allow shareholders to reinvest dividends into additional shares.

Stakeholder Impact

• The acquisition of deferred stock by a director can positively influence shareholder confidence.
• The use of deferred stock as part of director compensation aligns the director's interests with those of the shareholders.

Key Dates