Form 4: Graco Inc. Director J Kevin Gilligan Reports Changes in Beneficial Ownership

Director J Kevin Gilligan reports acquisition of Graco Inc. deferred stock shares in lieu of quarterly retainer fees.

Summary

• On July 1, 2024, J Kevin Gilligan, a director of Graco Inc., reported changes in beneficial ownership of the company's stock.
• Gilligan acquired 420.98 deferred stock shares under the Graco Inc. 2019 Stock Incentive Plan in lieu of quarterly retainer fees.
• These shares are to be settled 100% in Graco common stock upon termination of service on the Board.
• The price of the deferred stock was $79.28 per share.
• Following the transaction, Gilligan beneficially owns 93,472.8198 deferred stock shares.
• This number includes shares acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP).

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock acquisition by a director. The acquisition itself can be seen as a slightly positive signal.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence.

Key Dates