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

Director Kevin J. Wheeler acquired deferred stock in Graco Inc. under the company's stock incentive plan.

Summary

• On October 1, 2024, Kevin J. Wheeler, a director of Graco Inc., acquired 267.11 shares of deferred stock.
• The acquisition was made under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan.
• These deferred stock shares were received in lieu of quarterly retainer fees.
• 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.
• Mr. Wheeler's total holdings of deferred stock shares after the transaction amount to 6,177.0203, which includes shares acquired under the Automatic Dividend Reinvestment Plan (DRIP).

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's acquisition of deferred stock suggests confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of deferred stock by a director signals confidence in the company's future performance.
• The use of deferred stock in lieu of retainer fees aligns the director's interests with those of long-term shareholders.

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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's stock, which is a common practice.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals insider confidence.
• There is no immediate impact on employees, customers, suppliers, or creditors.

Key Dates