Form 4: Graco Inc. Executive Exercises Options and Sells Shares
SEC Form 4 Filing
Christian E. Rothe, President of the Industrial Division at Graco Inc., exercised stock options and sold shares on February 23, 2024.
Summary
- On February 23, 2024, Christian E. Rothe, President of the Industrial Division at Graco Inc., exercised non-qualified stock options to acquire 15,000 shares of Graco common stock at a price of $23.8467 per share.
- Following the exercise of the options, Rothe sold 15,000 shares of Graco common stock at a weighted average price of $90.04 per share, with prices ranging from $90.00 to $90.11.
- After these transactions, Rothe beneficially owns 25,583.0098 shares of Graco common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. It doesn't indicate positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/12/2026 | Expiration date of the non-qualified stock options. |
| 02/23/2024 | Date of the stock option exercise and share sale. |
| 02/27/2024 | Date of the Form 4 filing. |
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