Company: GGG
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000042888-25-000011
Chunk: 48

Company: GRACO INC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 5
Chunk 48
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Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities

Graco Common Stock

Graco common stock is traded on the New York Stock Exchange under the ticker symbol “GGG.” As of January 24, 2025, the share price was $85.86 and there were 169,493,970 shares outstanding and 1,570 common shareholders of record, which includes nominees or broker dealers holding stock on behalf of an estimated 204,372 beneficial owners.

The graph below compares the cumulative total shareholder return on the common stock of the Company for the last five fiscal years with the cumulative total return of the S&P 500 Index and the Dow Jones U.S. Industrial Machinery Index over the same period (assuming the value of the investment in Graco common stock and each index was $100 on December 31, 2019, and all dividends were reinvested).

201920202021202220232024Dow Jones U.S. Industrial Machinery$100$116$144$126$160$177S&P 500100118152125158197Graco Inc.100141158134175171

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Issuer Purchases of Equity Securities

On December 7, 2018, the Board of Directors authorized the Company to purchase up to 18 million shares of its outstanding common stock, primarily through open-market transactions. The authorization is for an indefinite period of time or until terminated by the Board. There are no shares available for repurchase under previous authorizations.  

In addition to shares purchased under the Board authorization, the Company purchases shares of common stock held by employees who wish to tender owned shares to satisfy the exercise price or tax due upon exercise of stock options or vesting of restricted stock.

Information on issuer purchases of equity securities follows:

PeriodTotalNumberof SharesPurchasedAverage PricePaid perShareTotal Number ofShares Purchasedas Part of PubliclyAnnounced Plansor ProgramsMaximum Numberof Shares that MayYet Be PurchasedUnder the Plansor Programs(at end of period)Sep 28, 2024 - Oct 25, 2024— — — 13,151,009 Oct 26, 2024 - Nov 22, 2024— — — 13,151,009 Nov 23, 2024 - Dec 27, 2024— — — 13,151