White Timothy R 4

What Happened
Timothy R. White, President, Expansion Division at Graco Inc. (GGG), exercised 1,469 stock options on 2026-02-04 at a strike price of $23.85 (total exercise cost $35,036) and then sold the 1,469 underlying shares in an open-market transaction the same day for a weighted-average price of $90.70, generating gross proceeds of $133,233. The filing also lists the option conversion/settlement (derivative) related to the exercise.

Key Details

• Transaction date: 2026-02-04; Form filed 2026-02-06 (timely filing).
• Exercise: 1,469 shares at $23.85 each; total exercise cost reported $35,036.
• Sale: 1,469 shares sold, weighted-average sale price $90.70; total proceeds $133,233. Sale prices ranged $90.69–$90.71 (footnote).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 notes DRIP shares are included where applicable (Rule 16a-11); F2 gives the sale price range and offer to provide per-price breakdown; F3 indicates the option was granted under the Graco 2015 Stock Incentive Plan and is fully exercisable (exempt under Rule 16b-3).

Context
This is a common “exercise-and-sell” (cashless exercise) transaction: the insider exercised stock options and sold the resulting shares immediately, locking in the spread between the market price and the strike. Such transactions are typically liquidity events rather than a clear bullish or bearish signal.