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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 4/1/24 |
Issuer: |
| Issuer CIK: 42888 |
| Issuer Name: GRACO INC |
| Issuer Trading Symbol: GGG |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1189993 |
| | Owner Name: FERAGEN JODY H |
| 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: Deferred Stock Shares |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 4/1/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | | Footnote ID: F2 |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 316.98 |
| | | Transaction Price Per Share: |
| Value: 93.46 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Footnote ID: F1 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 316.98 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 10,656.7977 |
| Footnote ID: F3 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: The deferred stock shares were accrued under the Graco Inc. 2019 Stock Incentive Plan and are to be settled 100% in Graco common stock in a lump sum or installments upon reporting person's termination of service on the Board. |
| Footnote - F2: Shares of Graco Inc. deferred stock received in lieu of quarterly retainer fees. |
| Footnote - F3: The number of deferred stock shares includes deferred stock shares acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11. |
Owner Signature: |
| Signature Name: /s/ Joseph J. Humke, attorney-in-fact for Ms. Feragen |
| Signature Date: 4/1/24 |