Form 4: Graco Inc. Executive VP, Operations, Angela F. Wordell, Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Angela F. Wordell, Executive VP, Operations at Graco Inc., reports exercising stock options and selling shares on March 13, 2024.
Summary
- On March 13, 2024, Angela F. Wordell, Executive VP, Operations at Graco Inc., exercised non-qualified stock options to acquire 3,588 shares of common stock at a price of $23.8467 per share.
- Simultaneously, Ms. Wordell sold 3,588 shares of Graco Inc. common stock at a weighted average price of $93.5973 per share, with prices ranging from $93.56 to $93.66.
- Following these transactions, Ms. Wordell directly owns 12,724.6978 shares of Graco Inc. common stock and indirectly owns 2,214.3345 shares through an ESOP.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction report.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
- The sale of shares may have a minor impact on the stock price, depending on market conditions and investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/12/2026 | Expiration date of the non-qualified stock options. |
| 03/13/2024 | Date of stock option exercise and sale of shares. |
| 03/14/2024 | Date of signature for the Form 4 filing. |
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