Wheeler Kevin J. 4

What Happened Kevin J. Wheeler, a member of Graco's board (nonemployee director), was granted 5,240 stock options on February 13, 2026. The reported grant is a derivative award (option) listed at $0.00 on the Form 4; no immediate cash value or exercised shares were reported. Per the filing, the option grant was made under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan and is exempt under Rule 16b-3.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-17.
• Security: Stock option (derivative); amount granted: 5,240 options; reported price: $0.00.
• Vesting/exercise: Options become exercisable in four equal annual installments, commencing one year after the grant (per footnote).
• Plan/exemption: Grant pursuant to Graco’s 2019 Stock Incentive Plan; transaction exempt under Rule 16b-3.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Form filed Feb 17, 2026 (within the typical Form 4 reporting window).

Context This was an award of stock options to a nonemployee director, not an exercise or sale of shares—no immediate share ownership or cash occurred until any future exercise and/or sale. Director option grants are common as part of board compensation; they provide potential future equity but do not by themselves indicate insider buying or selling sentiment.