Etchart Eric 4
Research Summary
AI-generated summary
Graco (GGG) Director Eric Etchart Receives Award of 173.92 Shares
What Happened
- Eric Etchart, a member of Graco Inc.'s Board of Directors, received a deferred stock award of 173.92 shares on July 1, 2026. The award is reported as a derivative acquisition valued at $75.61 per share, totaling approximately $13,150. This was an award/deferred compensation issuance rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-01; Price used for valuation: $75.61 per share; Total value reported: ~$13,150.
- Transaction type/code: A (award/acquisition; derivative instrument — deferred stock).
- Shares owned after the transaction: not specified in the filing.
- Footnotes:
- The deferred shares were accrued under the Graco Inc. Amended and Restated 2019 Stock Incentive Plan and will be settled 100% in Graco common stock in a lump sum or installments upon the director's termination of service on the Board (F1).
- These deferred shares were received in lieu of quarterly retainer fees (F2).
- The reported share count includes shares acquired under Graco’s Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11 (F3).
- Filing timeliness: Reported and filed on 2026-07-01 (same-day filing), so no late filing indicated.
Context
- This is a deferred-compensation award tied to board service (common for non-employee directors) and does not represent an open-market purchase or sale. Because settlement is deferred and payable in stock upon termination of board service, it reflects compensation mechanics rather than an immediate bullish or bearish trading signal.