Form 4: Graco Inc. Director J Kevin Gilligan Executes Stock Option and Sells Shares

Director J Kevin Gilligan exercised stock options and sold shares of Graco Inc. on July 30, 2024.

Summary

• On July 30, 2024, J Kevin Gilligan, a director of Graco Inc., executed a non-qualified stock option to acquire 18,000 shares of common stock at a price of $26.68 per share.
• Simultaneously, Gilligan sold 17,902 shares at a weighted average price of $83.6731, with prices ranging from $83.3247 to $84.15.
• An additional 98 shares were sold at $84.35.
• Following these transactions, Gilligan directly owns 98 shares of Graco Inc. common stock and indirectly owns 44,101 shares as trustee.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, and large shareholders) buy or sell their company's stock. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a director.
• The impact is likely minimal as the volume of shares sold is relatively small compared to the total outstanding shares of Graco Inc.

Key Dates