Form 4: Graco Inc. Executive Dale D. Johnson Reports Stock Option Exercise and Sale

Dale D. Johnson, Chief Comm Development Officer at Graco Inc., exercised stock options and sold shares on March 15, 2024.

Summary

• On March 15, 2024, Dale D. Johnson, Chief Comm Development Officer of Graco Inc., executed a transaction involving company stock.
• Johnson exercised non-qualified stock options to acquire 63,510 shares of common stock at a price of $23.8467 per share.
• Simultaneously, Johnson sold 63,510 shares of common stock at a weighted average price of $93.6954 per share, with individual sales ranging from $93.35 to $94.18.
• Following these transactions, Johnson directly owns 159,614.6976 shares of Graco Inc. common stock.
• Johnson also indirectly owns 9,254.2099 shares through the Graco Employee Stock Ownership Plan (ESOP).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It is common for executives to exercise stock options and sell shares for personal financial management.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates