Form 4: Graco Inc. Executive Exercises Stock Options and Sells Shares

Graco Inc.'s EVP, Chief Information Officer, Kathryn L. Schoenrock, exercised stock options and sold a portion of her holdings on November 27, 2024.

Summary

• Kathryn L. Schoenrock, EVP and Chief Information Officer of Graco Inc., executed a series of transactions involving the company's stock on November 27, 2024.
• She acquired 2,415 shares of common stock through the exercise of non-qualified stock options at a price of $24.7934 per share.
• Additionally, she sold 1,527 shares of common stock at a weighted average price of $90.2958 per share, with individual sales ranging from $90.27 to $90.36.
• Following these transactions, Ms. Schoenrock beneficially owns 6,374.3154 shares of Graco common stock directly.
• The transactions also involved shares acquired through the company's Automatic Dividend Reinvestment Plan and Employee Stock Purchase Plan.

Sentiment

Score: 5

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

Industry Context

This is a routine filing related to executive stock transactions, which is common in publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Executive stock option exercises and sales are a standard practice in publicly traded companies like Graco Inc.
• The reporting of these transactions via SEC Form 4 is a regulatory requirement to ensure transparency and prevent insider trading.
• Similar transactions are regularly reported by executives at comparable companies such as Illinois Tool Works (ITW) and Dover Corporation (DOV).

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and trading activity.
• The sale of shares by an executive could be perceived as a slight negative signal, but it is a common practice.

Key Dates

Keywords

Graco Inc, stock options, insider trading, executive compensation, share sale, Form 4, Kathryn L. Schoenrock