Black Archie C. 4
Research Summary
AI-generated summary
Graco (GGG) Director Archie C. Black Receives Stock Award
What Happened
- Archie C. Black, a director of Graco Inc. (GGG), was granted 352.81 deferred stock shares on 2026-07-01. The filing lists an acquisition price of $75.61 per share for a total value of approximately $26,676. This transaction is recorded as an award/derivative (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-01; price reported: $75.61 per share; total value ≈ $26,676.
- Transaction type: Award/derivative (deferred stock shares), not a sale or immediate purchase.
- Shares owned after the transaction: not specified in the filing.
- Footnotes:
- F1: Deferred shares accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan; to be settled 100% in Graco common stock in a lump sum or installments upon the director's termination of service on the Board.
- F2: These deferred shares were received in lieu of quarterly retainer fees.
- F3: The total includes deferred shares acquired under Graco’s Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11.
- Filing timeliness: Reported with the 2026-07-01 period of report; no late filing noted in the form.
Context
- These are deferred stock awards for director compensation and will convert to common shares per the plan rules upon the director’s departure (they are not an immediate open-market purchase or sale).
- Awards to directors are common routine compensation and do not by themselves indicate the director is buying or selling shares for investment reasons.