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 April 1, 2025, J Kevin Gilligan, a director of Graco Inc., reported the acquisition of 399.65 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 in Graco common stock upon termination of service on the Board.
• The price of the deferred stock was $83.51.
• Following the transaction, Gilligan beneficially owns 95,528.0575 shares of Graco Inc. deferred stock, which includes shares acquired under the Automatic Dividend Reinvestment Plan (DRIP).

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it shows continued investment in the company.

Positives

• The acquisition of deferred stock demonstrates the director's continued investment in the company.
• The Graco Inc. Automatic Dividend Reinvestment Plan (DRIP) allows for further accumulation of shares.

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

This filing is a routine disclosure of a director's stock transactions, which is common for publicly traded companies. It reflects part of the director's compensation and investment in the company.

Comparison to Industry Standards

• Director stock ownership and deferred compensation plans are common practices among publicly traded companies.
• Companies like Illinois Tool Works (ITW) and 3M (MMM), which operate in similar industrial sectors, also utilize stock-based compensation for their directors.
• The specifics of the Graco Inc. plan, such as the vesting schedule and settlement terms, would need to be compared to those of peer companies to assess its competitiveness and alignment with shareholder interests.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Graco Inc., Director, J Kevin Gilligan, Deferred Stock, Stock Incentive Plan, Beneficial Ownership, Form 4, DRIP, Automatic Dividend Reinvestment Plan