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

Director Heather L. Anfang reports acquiring deferred stock in Graco Inc. under the company's 2019 Stock Incentive Plan.

Summary

• On April 1, 2024, Heather L. Anfang, a director of Graco Inc., acquired 267.49 shares of deferred stock.
• 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 acquisition was in lieu of quarterly retainer fees.
• The price of the deferred stock was $93.46 per share.
• Following the transaction, Ms. Anfang beneficially owns 1,062.1213 shares of deferred stock, which includes shares acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP).

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company, aligning their interests with shareholders.

Positives

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

Future Outlook

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

Industry Context

This filing is a routine disclosure of a director's stock acquisition, common in publicly traded companies to ensure transparency and compliance with SEC regulations.

Related Party Transactions

• The acquisition of deferred stock in lieu of quarterly retainer fees is a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of director compensation.

Key Dates