Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 2

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 2
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 OF SHARES                                                               |     | 48 |
| Director and Executive Officer Beneficial Ownership                                          |     | 48 |
| Principal Shareholder Beneficial Ownership                                                   |     | 49 |
| RELATED PERSON TRANSACTION APPROVAL POLICY                                                   |     | 49 |
| PROPOSAL 1: ELECTION OF DIRECTORS                                                            |     | 50 |
| PROPOSAL 2: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM |     | 51 |
| PROPOSAL 3: ADVISORY VOTE ON OUR EXECUTIVE COMPENSATION                                      |     | 52 |
| SHAREHOLDER PROPOSALS AND NOMINATIONS FOR THE ANNUAL MEETING IN THE YEAR 2026                |     | 53 |
| OTHER MATTERS                                                                                |     | 53 |

2 Graco Inc. 2025 Proxy Statement

<div align='center'>**GENERAL REQUESTS FOR GRACO INC. 2024 ANNUAL REPORT ON FORM 10-K**</div>

The Graco Inc. 2024 Annual Report on Form 10-K, including the Financial Statements and the Financial Statement Schedule, is available to the public at www.graco.com. A copy may also be obtained free of charge by calling (612) 623-6770 or writing:

<div align='center'>**Investor Relations

Graco Inc.

P.O. Box 1441

Minneapolis, Minnesota

55440-1441

3

Graco Inc. 2025 Proxy Statement

GRACO INC.

88 Eleventh Avenue N.E.

Minneapolis, MN 55413

PROXY STATEMENT

FOR ANNUAL MEETING OF SHAREHOLDERS

TO BE HELD APRIL 25, 2025**</div>

Your proxy is solicited by the Board of Directors of Graco Inc. in connection with our Annual Meeting of Shareholders to be held on April 25, 2025, and any adjournments of that meeting (the “Meeting”). Throughout this Proxy Statement, we may refer to Graco Inc. as “us,” “we,” “Graco,” “our Company” or “the Company.”

We have provided you with access to our proxy materials on the Internet. We are providing a Notice Regarding the Availability of Proxy Materials (the “Notice”) to our shareholders of record and our beneficial owners. All shareholders will have the ability to access the proxy materials free of charge on the website identified in the