Form 4: Graco Inc. Director Lee R. Mitau Reports Acquisition of Deferred Stock Shares

Director Lee R. Mitau reports acquisition of deferred stock shares in Graco Inc. under the company's 2019 Stock Incentive Plan.

Summary

• On April 1, 2024, Lee R. Mitau, a director of Graco Inc., acquired 304.19 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 reporting person directly owns 192,899.6513 deferred stock shares.
• The reported transactions also include shares acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP).

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard disclosure of insider transactions. The acquisition of shares by a director can be seen as a positive sign, but it's not a major event.

Positives

• The acquisition of deferred stock by a director signals confidence in the company's future performance.
• The director's participation in the DRIP indicates a long-term investment perspective.

Future Outlook

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

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 and their holdings 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