Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 61

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 61
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 our directors have in our Company. |

| (3) | Less than 1% if no percentage is given. |

| (4) | Includes 1,341 shares of common stock held in a charitable foundation over which Mr. Black has investment control. |

| (5) | Includes 44,101 shares of common stock held in a trust. |

| (6) | Includes 17,016 shares which are held indirectly through the Graco Employee Stock Ownership Plan. Shares are held by the Named Executive Officers in the following amounts: Mr. Johnson (9,370 shares), Mr. Lowe (1,455 shares) and Mr. Sheahan (1,455 shares). The balance of the 17,016 shares is held by other executive officers. The NEOs have voting and investment power over their respective shares. |

| (7) | Includes 3,300 shares of common stock held in a trust. |

| (8) | Includes 2,892 shares held by Mr. Sheahan’s spouse. |

48 Graco Inc. 2025 Proxy Statement

Principal Shareholder Beneficial Ownership The following table identifies each person or group known to our Company to beneficially own, as of December 31, 2024, more than 5% of the outstanding common stock of the Company, the only class of security entitled to vote at the Meeting:

| Name and Address of Shareholder                             |     | Amount and Nature of Beneficial Ownership |            |     | Percent of Class |       |
| BlackRock, Inc.(1) 50 Hudson Yards New York, NY 10001       |     |                                           | 19,063,598 |     |                  | 11.3% |
| The Vanguard Group (2) 100 Vanguard Blvd. Malvern, PA 19355 |     |                                           | 17,229,664 |     |                  | 10.2% |

| (1) | In a Schedule 13G/A filed with the Securities and Exchange Commission on January 24, 2024, BlackRock, Inc. reported that, as of December 31, 2023, it has sole voting power over 17,866,515 shares, shared voting power over 0 shares, sole dispositive power over 19,063,598 shares and shared dispositive power over 0 shares. |

| (2) | In a Schedule 13G/A filed with the Securities and Exchange Commission on February 13, 2024