Form 4: Graco Inc. Director J. Kevin Gilligan Acquires Stock Options

Director J. Kevin Gilligan acquired 4,980 non-qualified stock options in Graco Inc. on February 14, 2025, exercisable in installments starting in 2026.

Summary

• On February 14, 2025, J. Kevin Gilligan, a director of Graco Inc., was granted 4,980 non-qualified stock options.
• 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.
• The options expire on February 14, 2035.
• Gilligan also has a power of attorney designating Joseph J. Humke, Alexander P. Kingsley, David M. Lawrence, and David M. Lowe to act on his behalf for SEC filings.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting a stock option grant. The sentiment is slightly positive as it indicates alignment of the director's interests with shareholders.

Positives

• The grant of stock options to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements, but the stock option grant suggests an expectation of future value creation at Graco Inc.

Industry Context

Stock option grants are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders by incentivizing them to increase the company's stock value.

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 Roper Technologies (ROP), which operate in similar industrial sectors, also utilize stock options as part of their compensation strategy.
• The vesting schedule of four years is fairly typical, aligning with industry norms for incentivizing long-term performance.

Stakeholder Impact

• The stock option grant could potentially benefit shareholders if the director's performance leads to an increase in the company's stock price.
• The grant incentivizes the director to act in the best interests of the company.

Key Dates

Keywords

stock options, Form 4, director, Graco Inc., GGG, insider trading, beneficial ownership, non-qualified stock option