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

Director Kevin J. Wheeler reports acquiring deferred stock in Graco Inc. through a dividend reinvestment plan and in lieu of quarterly retainer fees.

Summary

• Kevin J. Wheeler, a director of Graco Inc., filed a Form 4 on July 1, 2024, reporting changes in beneficial ownership.
• The report indicates that Wheeler acquired 300.7 shares of deferred stock.
• These shares were accrued under the Graco Inc. 2019 Stock Incentive Plan and will be settled in Graco common stock upon termination of service on the Board.
• The shares were received in lieu of quarterly retainer fees.
• The price of the deferred stock is $79.28.
• Wheeler's total holdings following the transaction amount to 5,890.9261 deferred stock shares, including those acquired through the Automatic Dividend Reinvestment Plan (DRIP).

Sentiment

Score: 7

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

Positives

• The acquisition of deferred stock demonstrates the director's continued investment in the company.
• The use of a dividend reinvestment plan (DRIP) can be seen as a positive sign of long-term commitment.

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. This filing indicates a director's ongoing investment in the company's stock.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it reflects the director's continued investment in the company.

Key Dates