Form 4: Graco Inc. Director Martha A. Morfitt Reports Stock Option Exercise
SEC Form 4 Filing
Director Martha A. Morfitt exercised stock options and acquired shares of Graco Inc. common stock on March 19, 2024.
Summary
- On March 19, 2024, Martha A. Morfitt, a director of Graco Inc., exercised non-qualified stock options.
- This transaction involved the acquisition of 13,938 shares of common stock at a price of $24.2067 per share.
- Following the transaction, Ms. Morfitt directly owns 202,707 shares of Graco Inc. common stock and indirectly owns 3,300 shares through trusts.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing regarding stock option exercise.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of Graco Inc.'s directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of stock option exercise and acquisition of common stock. |
| 03/21/2024 | Date of signature on the Form 4 filing. |
| 04/25/2024 | Date of stock option exercisable. |
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