Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 62

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 62
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, The Vanguard Group reported that, as of December 29, 2023, it has sole voting power over 0 shares, shared voting power over 96,316 shares, sole dispositive power over 16,995,273 shares and shared dispositive power over 234,391 shares. |

RELATED PERSON TRANSACTION APPROVAL POLICY In February 2007, our Board of Directors adopted a written related person transaction approval policy, which sets forth our Company’s policies and procedures for the review, approval or ratification of any transaction required to be reported in our filings with the Securities and Exchange Commission. Our policy, as amended from time to time, applies to any transaction, arrangement or relationship or any series of similar transactions, arrangements or relationships in which our Company is a participant and in which a related person has a direct or indirect interest, other than the following:

| • |     | Payment of compensation by our Company to a related person for the related person’s service to our Company in the capacity or capacities that give rise to the person’s status as a “related person”; and |

| • |     | Transactions generally available to all employees or all shareholders of our Company on the same terms. |

The Audit Committee of our Board of Directors must approve any related person transaction subject to this policy before commencement of the related person transaction or, if it is not practicable to approve the transaction before commencement, the transaction will be submitted to the Audit Committee or Chair of the Audit Committee for ratification as soon as possible. The Audit Committee or its Chair will analyze the following factors, in addition to any other factors the Audit Committee deems appropriate, in determining whether to approve a related person transaction:

| • |     | The benefits to our Company; |

| • |     | The impact on a director’s independence; |

| • |     | The availability of other sources for comparable products or services; |

| • |     | The terms of the transaction and whether they are fair to our Company; |

| • |     | Whether the terms are available to unrelated third parties or to employees generally; |

| • |     | Whether the transaction is material to the Company; and |

| • |     | The role that the related person played, if any, in arranging the transaction. |

The Audit Committee or its Chair may, in its, his or her sole discretion, approve or deny any related person transaction. Approval of a related person transaction may be conditioned upon our Company and the related person following certain procedures designated by the Audit Committee or