GILLIGAN J KEVIN 4

What Happened

• Kevin Gilligan, a director of Graco Inc. (GGG), was granted/acquired 394.27 deferred shares on 2026-04-01. The award is reported at an acquisition price of $84.65 per share, totaling approximately $33,375. This transaction is recorded as an award/acquisition (derivative), not an open-market purchase or sale.

Key Details

• Transaction date and filing: Transaction date 2026-04-01; Form 4 filed 2026-04-02 (timely).
• Shares and value: 394.27 deferred shares × $84.65 = $33,375 (approx.).
• Transaction type: A (Grant/Award/Other acquisition) — derivative instrument (deferred stock).
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Footnotes:
  • F1: These are deferred stock shares accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan and will be settled 100% in Graco common stock in a lump sum or installments upon the director’s termination of Board service.
  • F2: Shares were received in lieu of quarterly retainer fees.
  • F3: The total includes deferred shares acquired under Graco’s Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11.

Context

• This is a routine deferred-compensation award tied to board service and dividends, not a market purchase or sale. Deferred shares are a form of compensation that will convert to actual common stock when settlement conditions are met (here, upon termination of board service). Such awards are common for non-employee directors and do not by themselves indicate a change in insider sentiment.