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

Director Heather L. Anfang acquired 296.6 deferred stock shares of Graco Inc. on January 1, 2025, as part of the company's stock incentive plan.

Summary

• Heather L. Anfang, a director at Graco Inc., reported the acquisition of 296.6 deferred stock shares on January 1, 2025.
• These shares were accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan.
• The deferred stock shares will be settled 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 reported holdings include shares acquired through the company's Automatic Dividend Reinvestment Plan (DRIP).

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed as neutral to slightly positive. The use of deferred stock and DRIP participation suggests long-term alignment with the company's success.

Positives

• The acquisition of deferred stock shares by a director aligns with the company's stock incentive plan.
• The use of deferred stock in lieu of retainer fees can be seen as a positive sign of commitment from the director.
• The inclusion of DRIP shares indicates long-term investment by the director.

Future Outlook

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

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It reflects standard practice for executive compensation and alignment of interests.

Comparison to Industry Standards

• The use of deferred stock units as part of director compensation is a common practice among publicly traded companies.
• Many companies use similar stock incentive plans to align the interests of directors with those of shareholders.
• The Automatic Dividend Reinvestment Plan (DRIP) is a standard offering for many companies to encourage long-term investment.

Stakeholder Impact

• The acquisition of deferred stock by a director can be seen as a positive sign by shareholders, indicating alignment of interests.
• The use of deferred stock in lieu of retainer fees can be seen as a cost-effective approach for the company.

Key Dates

Keywords

Graco Inc, Director, Deferred Stock, Stock Incentive Plan, DRIP, Form 4, Beneficial Ownership, Heather L. Anfang