DAVID M. LOWE - 15 Feb 2022 Form 4 Insider Report for GRACO INC (GGG)

Role: CFO and Treasurer
Signature: /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. Lowe
Issuer symbol: GGG
Transactions as of: 15 Feb 2022
Net transactions value: -$1,052,649
Form type: 4
Filing time: 16 Feb 2022, 13:32:06 UTC
Next filing: 18 Feb 2022
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	$927,022	+55,800	+10%	$16.61^*	606,546	15 Feb 2022	Direct
transaction	GGG	Common Stock	Sale	$1,979,671	-28,001	-4.6%	$70.70	578,545	15 Feb 2022	Direct	F1
holding	GGG	Common Stock						1,402	15 Feb 2022	By ESOP	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	-55,800	-100%	$0.000000^*	0	15 Feb 2022	Common Stock	55,800	$16.61	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Included in the amount reported are shares acquiared under Graco Employee Stock Purchase Plan, exempt under Rule 16b-3.
F2	The number of ESOP shares include ESOP shares acquired in unreported dividend reinvestment transactions, exempt under Rule 16b-3.
F3	Employee stock option granted pursuant to the Graco Inc. 2010 Stock Incentive Plan in 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.