Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 23

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 23
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 as well as our Company’s Corporate Governance Guidelines and Code of Ethics and Business Conduct, are available on our website at www.graco.com and may be found by selecting the “For Investors” tab and then clicking the “Governance” tab. Insider Trading Policy and Procedures and Prohibition on Hedging and Pledging We have adoptedan insider trading policy and have implemented procedures that govern the purchase, sale, and other dispositions and transactions in our securities by our directors, officers and employees and certain of their family members and related parties, as well as transactions by the Company. We believe the policy and procedures are reasonably designed to promote compliance with insider trading laws, rules, and regulations, as well as applicable listing standards. The policy prohibits buying or selling Company stock while aware of material nonpublic information about the Company (subject to limited exceptions pursuant to Rule 10b5-1plans) and from disclosing (“tipping”) such information to others and includes certain provisions, including trading windows and pre-clearancerequirements, to facilitate compliance with these general prohibitions. Among other things, the policy also prohibits the Company’s directors, executive officers and other employees from short selling, hedging and pledging Company stock. The prohibitions on hedging include transactions that hedge the value of Company stock, such as prepaid variable forward contracts, equity swaps, collars and exchange funds (other than broad-based index funds), and the prohibitions on pledging include pledging shares of Company stock as collateral for a loan or holding them in a margin account. During 2024, there were no Company shares pledged or hedged by directors or executive officers. 16 Graco Inc. 2025 Proxy Statement

AUDIT COMMITTEE REPORT Report of the Audit Committee The Audit Committee has reviewed and discussed the audited financial statements of our Company for the fiscal year ended December 27, 2024 (the “Financial Statements”) with both the Company’s management and its independent registered public accounting firm, Deloitte & Touche LLP. The Audit Committee has discussed with Deloitte & Touche LLP the matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board and the Securities and Exchange Commission. Our management has represented to the Audit Committee that the Financial Statements were prepared in accordance with accounting principles generally accepted in the United States of America. The Audit Committee has received from Deloitte & Touche LLP the written disclosure and the letter required by applicable requirements of the Public Company Accounting Oversight Board regarding the independent accountant’s communications with the Audit