FERAGEN JODY H 4

What Happened
Jody H. Feragen, a director of Graco Inc. (GGG), was granted 349.97 deferred stock shares valued at $84.65 each, for a total reported value of $29,625. The filing classifies this as an award/acquisition (derivative), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely filing).
• Grant: 349.97 deferred shares at $84.65/share; total reported value $29,625.
• Shares after transaction: not specified in this filing.
• Footnotes of note:
  • F1: These deferred shares were accrued under Graco’s 2019 Stock Incentive Plan and are to be settled 100% in Graco common stock in a lump sum or installments upon Feragen’s termination of Board service.
  • F2: Shares were received in lieu of quarterly retainer fees (board compensation).
  • F3: The total includes deferred shares from the company’s Dividend Reinvestment Plan (DRIP), which is exempt under Rule 16a-11.
• Transaction type: Award/derivative (code A); not an immediate transfer of common shares to the insider.

Context
This is routine director compensation paid as deferred stock rather than an immediate purchase or sale. Because settlement is deferred until termination of Board service, these shares represent a future claim on common stock rather than current, freely tradable shares. Such awards are common for non-employee directors and do not, by themselves, indicate the insider’s view of near‑term stock performance.