Form 4: Graco Inc. Director J Kevin Gilligan Reports Acquisition of Deferred Stock

Director J Kevin Gilligan reports acquisition of deferred stock shares in Graco Inc. under the company's stock incentive plan.

Summary

• On January 1, 2025, J Kevin Gilligan, a director of Graco Inc., acquired 395.95 shares of deferred stock.
• These shares were accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan.
• The deferred stock will be settled 100% in Graco common stock upon Mr. Gilligan's termination of service on the Board, either in a lump sum or installments.
• The acquisition was in lieu of quarterly retainer fees.
• The reporting person directly owns 94,821.6672 deferred stock shares.
• The price of the common stock was $84.29.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with the company's performance.

Positives

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

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of deferred stock by a director can reassure shareholders that management's interests are aligned with theirs.

Key Dates