GILLIGAN J KEVIN 4

What Happened

• Kevin J. Gilligan, a non-employee director of Graco Inc. (GGG), was granted a stock option award covering 5,240 shares on February 13, 2026. The grant recorded a $0 acquisition price (typical for option awards at grant); no cash changed hands at the time of grant.
• This is an award (derivative security) rather than a purchase or sale, so it does not represent an immediate buy or sell of underlying shares. Such grants are commonly part of director compensation.

Key Details

• Transaction date: 2026-02-13; Filing date (Form 4): 2026-02-17.
• Transaction type/code: A (award/grant of a derivative security — stock option); price at grant: $0.00.
• Shares covered: 5,240 option shares. Filing does not state shares owned after the grant in the provided excerpt.
• Footnote: The option was granted under the Graco Inc. Amended & Restated 2019 Stock Incentive Plan and is exempt under Rule 16b-3. The option vests in four equal annual installments, beginning one year after the grant date.
• No immediate sale or cashless exercise of shares was reported with this grant.

Context

• This filing documents the grant of an option, not the exercise or sale. The director will only be able to exercise one-quarter of the options after one year, with the remainder vesting annually over the next three years.
• Option grants to directors are standard compensation and don't necessarily signal the director is buying or selling stock immediately.