Anfang Heather L 4
Research Summary
AI-generated summary
Graco (GGG) Director Heather Anfang Receives 353-Share Deferred Award
What Happened
- Heather L. Anfang, a member of Graco Inc.'s Board of Directors, was granted a deferred stock award of 352.81 shares on 2026-07-01. The grant is recorded as a derivative award (code A) at $75.61 per share, with a total value of approximately $26,676. This was not an open-market purchase or sale but an award of deferred common stock.
Key Details
- Transaction date and price: July 1, 2026 — 352.81 shares @ $75.61 per share (total ≈ $26,676).
- Shares owned after transaction: Not specified in the provided filing.
- Award/derivative settlement: These are deferred stock shares to be settled 100% in Graco common stock in a lump sum or installments upon the reporting person's termination of board service (Footnote F1).
- Reason for award: Shares were received in lieu of quarterly director retainer fees (Footnote F2).
- Additional note: The deferred shares include amounts acquired under the company’s automatic Dividend Reinvestment Plan (DRIP), which is exempt under Rule 16a-11 (Footnote F3).
- Filing timeliness: The Form 4 shows the transaction and filing date as 2026-07-01; no late filing is indicated in the provided data.
Context
- This was a deferred-stock award (not an immediate purchase or sale). Deferred awards are compensation-related and typically reflect director pay rather than a direct signal about personal trading conviction. The shares are recorded as a derivative award and will convert to common stock according to the settlement terms when the director leaves the board.