MORFITT MARTHA A M 4

What Happened

• Martha A. M. Morfitt, a non-employee director of Graco Inc. (GGG), received a grant of 5,240 derivative shares reported as an award (stock option) on 2026-02-13. The filing lists a $0.00 acquisition price and $0 total, indicating a stock-option award rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-02-17 (timely).
• Security type: derivative (non-employee director stock option) — 5,240 shares granted.
• Price reported: $0.00 in the Form 4 (reflects a grant/award entry, not cash paid).
• Vesting/exercise: Option becomes exercisable in four equal annual installments beginning one year after the grant (per filing footnote).
• Exemption: Grant made under Graco’s Amended and Restated 2019 Stock Incentive Plan and exempt under Rule 16b-3.
• Shares owned after transaction: Not specified in the summary provided; see the SEC Form 4 for complete holdings.

Context

• This was an equity compensation grant to a director (a common corporate practice) and does not represent an open-market purchase or sale. The award vests over time, so it does not provide immediate shares or cash unless and until options vest and are exercised.