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

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

Summary

• On January 1, 2025, Kevin J. Wheeler, a director of Graco Inc., acquired 277.32 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. Wheeler'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 6,472.0725 deferred stock shares.
• The price of the deferred stock is $84.29.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine insider activity and alignment of director interests with the company's long-term performance.

Positives

• The acquisition of deferred stock aligns the director's interests with the long-term performance of the company.
• The Graco Inc. Amended and Restated 2019 Stock Incentive Plan is in place.

Future Outlook

The deferred stock will be settled 100% in Graco common stock in a lump sum or installments upon reporting person's termination of service on the Board.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the actions of company directors and their alignment with shareholder interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates