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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 2/17/23 |
| Issuer: |
| Issuer CIK: 42888 |
| Issuer Name: GRACO INC |
| Issuer Trading Symbol: GGG |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1445183 |
| | Owner Name: Ahlers David M |
| 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 Officer? Yes |
| | Officer Title: Executive Vice President |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Non-qualified Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 71.47 |
| | Transaction Date: |
| | | Value: 2/17/23 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 22,320 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 2/17/33 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 22,320 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 22,320 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Employee stock option granted pursuant to the Graco Inc. 2019 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. |
| Owner Signature: |
| Signature Name: /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. Ahlers |
| Signature Date: 2/21/23 |
