| | | | | | | | | | | | | | | | | | | | | |
Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 2/16/24 |
Issuer: |
| Issuer CIK: 42888 |
| Issuer Name: GRACO INC |
| Issuer Trading Symbol: GGG |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1050572 |
| | Owner Name: GILLIGAN J KEVIN |
| Reporting Owner Address: |
| | Owner Street 1: 88 11TH AVENUE NE |
| | Owner Street 2: |
| | Owner City: MINNEAPOLIS |
| | Owner State: MN |
| | Owner ZIP Code: 55413 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
Aff 10b5 One: 0 |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Non-qualified Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 88.64 |
| | Transaction Date: |
| | | Value: 2/16/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 4,830 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 2/16/34 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 4,830 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,830 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: Nonemployee director stock option granted pursuant to the Graco Inc. 2019 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. |
Owner Signature: |
| Signature Name: /s/ Joesph J. Humke, attorney-in-fact for Mr. Gilligan |
| Signature Date: 2/20/24 |