Form 4: Graco Inc. Executive Angela Wordell Granted Stock Options
SEC Form 4 Filing
EVP and Chief Operating and Supply Chain Officer of Graco Inc., Angela F. Wordell, was granted 18,700 non-qualified stock options on February 14, 2025, exercisable in installments starting one year from the grant date.
Summary
- Angela F. Wordell, EVP, Chief Operating and Supply Chain Officer of Graco Inc., was granted 18,700 non-qualified stock options on February 14, 2025.
- The options have an exercise price of $86.06.
- The options become exercisable in four equal annual installments, commencing one year after the grant date.
- Wordell also has a power of attorney designating Joseph J. Humke, Alexander P. Kingsley, David M. Lawrence and David M. Lowe to act on her behalf for SEC filings related to Graco Inc. securities.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of executive compensation, which is generally viewed neutrally. The granting of stock options can be seen as a positive sign of aligning management with shareholder interests.
Positives
- The granting of stock options aligns the executive's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the executive.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedule of the stock options.
Industry Context
Stock option grants are a common form of executive compensation in publicly traded companies, aligning management's interests with shareholder value.
Comparison to Industry Standards
- Executive compensation packages, including stock options, vary significantly across industries and company sizes.
- Comparing Graco Inc.'s executive compensation to similar industrial companies would provide a better benchmark.
- Companies like Illinois Tool Works (ITW) or Roper Technologies (ROP) could be considered for comparison, focusing on the structure and value of their executive stock option plans.
Stakeholder Impact
- Shareholders may view the stock option grant as a positive incentive for the executive.
- Employees may see it as a sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 2025-01-02 | Date of Power of Attorney execution. |
| 2025-02-14 | Date of the stock option grant. |
| 2025-02-18 | Date of Form 4 signature. |
| 2035-02-14 | Expiration date of the stock options. |
Keywords
stock options, Graco Inc, executive compensation, Form 4, insider trading, securities, Wordell, GGG
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