Form 4: Graco Inc. Executive Kathryn L. Schoenrock Reports Stock Option Grant

Kathryn L. Schoenrock, EVP and Chief Information Officer of Graco Inc., reports the grant of non-qualified stock options.

Summary

• Kathryn L. Schoenrock, an executive at Graco Inc., filed a Form 4 on February 18, 2025, reporting a transaction.
• The transaction involved the grant of non-qualified stock options, exercisable for 18,700 shares of Graco Inc. common stock, at a price of $86.06 per share.
• The options were granted on February 14, 2025, and will expire on February 14, 2035.
• The stock options become exercisable in four equal annual installments, commencing one year after the grant date.
• Schoenrock 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.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation and does not inherently convey positive or negative sentiment.

Positives

• The grant 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 regarding the company's future performance.

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

• Stock option grants are a standard component of executive compensation packages in publicly traded companies like Graco Inc.
• Companies such as Illinois Tool Works (ITW) and Dover Corporation (DOV), which operate in similar industrial sectors, also utilize stock options as part of their executive compensation plans.
• The vesting schedules and exercise prices are generally aligned with industry norms to incentivize long-term performance and retention.

Stakeholder Impact

• The stock option grant could potentially incentivize the executive to improve company performance, benefiting shareholders.
• The grant has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, stock options, Graco Inc., Kathryn L. Schoenrock, insider transaction, executive compensation