Eric Etchart - 09 Nov 2021 Form 4 Insider Report for GRACO INC (GGG)

Role: Director
Signature: /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. Etchart
Issuer symbol: GGG
Transactions as of: 09 Nov 2021
Net transactions value: -$90.48
Form type: 4
Filing time: 12 Nov 2021, 08:10:13 UTC
Previous filing: 01 Oct 2021
Next filing: 13 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GGG	Common Stock	Options Exercise	$47,670	+2,603	+9.3%	$18.31	30,736	09 Nov 2021	Direct
transaction	GGG	Common Stock	Sale	$47,760	-600	-2%	$79.60	30,136	09 Nov 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GGG	Non-qualified Stock Option (Right to Buy)	Options Exercise	$0	-2,603	-65%	$0.000000	1,397	09 Nov 2021	Common Stock	2,603	$18.31	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Sale pursuant to a 10b5-1 trading plan dated October 29, 2021.
F2	The amount of securities owned includes shares of Graco Common Stock acquired under the Graco Inc. Automatic Dividend Reinvestment Plan, exempt under Rule 16a-11.
F3	Nonemployee director stock option granted pursuant to the Graco Inc. 2010 Stock Incentive Plan in a transaction exempt under Rule 16b-3. The stock option becomes exercisable in four equal annual installments, commencing one year after the date of the grant.