Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 44

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 44
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 |     | 88.6400 |     |                    |     | 2/16/2034 |     |              |     |        |    |     |           |    |
|                 |                 |            |     | 5/24/2023 |     |                   |                        |     |   1,352 |     |                                                              |     |   4,058 |     |                                |          |     | 76.9900 |     |                    |     | 5/24/2033 |     |              |     |        |    |     |           |    |

| (1) | All options have a 10-year term and become exercisable in equal installments over four years, beginning with the first anniversary of the grant date. |

34 Graco Inc. 2025 Proxy Statement

| (2) | Adjusted for three-for-one stock split completed December 27, 2017. |

| (3) | The restricted stock units for Mr. Johnson vested in full on December 31, 2024. |

| (4) | Market value determined using the closing market price of $84.14 per share of common stock on the last day of the fiscal year multiplied by the number of restricted stock units granted. |

Option Exercises and Stock Vested in 2024 The following table summarizes the options exercised by each Named Executive Officer in 2024:

| Name            |                                            | Option Awards |        |     |                                      |     |           |
|                 | Number of Shares  Acquired on Exercise (#) |               |        |     | Value Realized   on Exercise  ($)(1) |     |           |
| Mark W. Sheahan |                                            |               | 43,080 |     |                                      |     | 2,517,449 |
| David M. Lowe   |                                            |               | 43,080 |     |                                      |     | 2,686,753 |
| Dale D. Johnson |                                            |               | 63,510 |     |                                      |     | 4,436,091 |
| Peter J. O’Shea |                                            |               | 85,808 |     |                                      |     | 4,872,854 |
| Ronita Banerjee |                                            |               |      0 |     |                                      |     |         0 |

| (1) | The value realized on the exercise of stock options is the difference