Form 4: Graco Inc. Executive Dale D. Johnson Reports Stock Transactions

Graco Inc.'s Chief Comm Development Officer, Dale D. Johnson, reported the acquisition of 25,000 shares of common stock through the vesting of restricted stock units and the disposition of 12,300 shares to cover tax obligations.

Summary

• Dale D. Johnson, Chief Comm Development Officer at Graco Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On December 31, 2024, Mr. Johnson acquired 25,000 shares of Graco common stock through the vesting of restricted stock units (RSUs).
• The vesting of these RSUs was a non-cash transaction, with a value of $0 per share.
• Concurrently, Mr. Johnson disposed of 12,300 shares of common stock at a price of $83.77 per share, likely to cover tax obligations related to the RSU vesting.
• Following these transactions, Mr. Johnson directly owns 172,314.6976 shares of Graco common stock and indirectly owns 9,369.7776 shares through an ESOP.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the stock ownership of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions reported are typical for executives who receive stock-based compensation, such as RSUs.
• The sale of shares to cover tax obligations is a common practice among executives receiving equity compensation.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine insider transactions.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Graco Inc, insider trading, Form 4, stock transaction, restricted stock units, RSU, beneficial ownership, executive compensation