Graco (GGG) director J. Kevin Gilligan exercises options, sells 12,870 shares

Rhea-AI Filing Summary

Graco Inc. director J. Kevin Gilligan reported a same-day stock option exercise and sale. On 02/03/2026 he exercised a nonqualified option for 12,870 shares of common stock at an exercise price of $36.0867 per share, acquiring the shares directly.

He then sold 12,870 common shares at a weighted average price of $89.0676 per share, with individual sale prices ranging from $88.88 to $89.24. Following these transactions, he reported no directly held common stock, and 44,101 shares held indirectly as trustee.

Insider Trade Summary

Net Seller: 12,870 shares ($1,146,300)

Net Sell 4 txns

Insider GILLIGAN J KEVIN

Role Director

Sold 12,870 shs ($1.15M)

Type	Security	Shares	Price	Value
Exercise	Non-qualified Stock Option (Right to Buy)	12,870	$0.00	--
Exercise	Common Stock	12,870	$36.0867	$464K
Sale	Common Stock	12,870	$89.0676	$1.15M
holding	Common Stock	--	--	--

Holdings After Transaction: Non-qualified Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 12,870 shares (Direct); Common Stock — 44,101 shares (Indirect, As Trustee)

Footnotes (1)

1. The price in Column 4 is a weighted average price. The shares were sold at prices ranging from $88.88 to $89.24, inclusive. The reporting person undertakes to provide Graco Inc., any security holder of Graco Inc., or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within the range set forth in the footnote. Nonemployee director stock option granted pursuant to the Graco Inc. 2015 Stock Incentive Plan in a transaction exempt under Rule 16b-3. The stock option is fully exercisable.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GILLIGAN J KEVIN

(Last) (First) (Middle)

88 11TH AVENUE NE

(Street)

MINNEAPOLIS MN 55413

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GRACO INC [ GGG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/03/2026		M		12,870	A	$36.0867	12,870	D
Common Stock	02/03/2026		S		12,870	D	$89.0676(1)	0	D
Common Stock								44,101	I	As Trustee

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-qualified Stock Option (Right to Buy)	$36.0867	02/03/2026		M			12,870	(2)	04/28/2027	Common Stock	12,870	$0	0	D

Explanation of Responses:

1. The price in Column 4 is a weighted average price. The shares were sold at prices ranging from $88.88 to $89.24, inclusive. The reporting person undertakes to provide Graco Inc., any security holder of Graco Inc., or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within the range set forth in the footnote.

2. Nonemployee director stock option granted pursuant to the Graco Inc. 2015 Stock Incentive Plan in a transaction exempt under Rule 16b-3. The stock option is fully exercisable.

	/s/ Joesph J. Humke, attorney-in-fact for Mr. Gilligan	02/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Graco (GGG) director J. Kevin Gilligan report?

J. Kevin Gilligan reported exercising 12,870 stock options and selling 12,870 Graco common shares. The exercise and sale both occurred on February 3, 2026, and left him with no direct holdings but 44,101 shares held indirectly as trustee.

At what prices did J. Kevin Gilligan trade Graco (GGG) shares on February 3, 2026?

He exercised options for 12,870 Graco shares at $36.0867 per share and sold 12,870 shares at a weighted average price of $89.0676. The sales occurred in a price range from $88.88 to $89.24 per share, as disclosed.

How many Graco (GGG) shares does J. Kevin Gilligan hold after this Form 4 filing?

After the reported transactions, J. Kevin Gilligan reported no directly owned Graco common shares. He reported indirect beneficial ownership of 44,101 common shares in a trustee capacity, reflecting holdings managed in that role rather than directly owned stock.

What type of stock option did J. Kevin Gilligan exercise in Graco (GGG)?

He exercised a nonqualified stock option for 12,870 Graco common shares at an exercise price of $36.0867. The option was granted under the Graco Inc. 2015 Stock Incentive Plan and is described as fully exercisable and exempt under Rule 16b-3.

Was the Graco (GGG) share sale by J. Kevin Gilligan a single price or a range?

The sale used a weighted average price of $89.0676 for 12,870 shares. Individual sale prices ranged from $88.88 to $89.24, and he has offered to provide detailed breakdowns of shares sold at each price upon request.