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

Director J Kevin Gilligan reported acquiring deferred stock shares in Graco Inc. under the company's 2019 Stock Incentive Plan.

Summary

• On April 1, 2024, J Kevin Gilligan, a director of Graco Inc., reported the acquisition of 319.92 deferred stock shares.
• These shares were accrued under the Graco Inc. 2019 Stock Incentive Plan and are to be settled 100% in Graco common stock upon termination of service on the Board.
• The shares were received in lieu of quarterly retainer fees.
• The reporting person directly owns 92,761.1465 deferred stock shares.
• The price of the stock was $93.46.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Positives

• The acquisition of deferred stock shares by a director demonstrates alignment with the company's long-term success.

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 a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of company insiders.

Key Dates