Company: GGG
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000042888-25-000011
Chunk: 87

Company: GRACO INC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 87
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 over a period of time. Compensation cost related to the stock appreciation plan was an expense of $2 million in 2024 and $2 million in 2023 and a benefit of $0.2 million in 2022. Individual nonemployee directors of the Company may elect to receive, either currently or deferred, all or part of their retainer in the form of shares of the Company’s common stock instead of cash. Under this arrangement, the Company issued 9,940 shares in 2024, 11,150 shares in 2023 and 12,055 shares in 2022. The expense related to this arrangement is not significant. Options on common shares granted and outstanding, as well as the weighted average exercise price, are shown below (in thousands, except exercise prices): OptionSharesWeighted AverageExercise PriceOptionsExercisableWeighted AverageExercise PriceOutstanding, December 31, 20219,575 $39.31 7,296 $33.75 Granted1,381 71.03 Exercised(645)25.58 Canceled(46)49.42 Outstanding, December 30, 202210,265 44.40 7,793 37.22 Granted1,114 71.45 Exercised(1,354)30.77 Canceled(121)62.75 Outstanding, December 29, 20239,904 49.09 7,274 41.46 Granted925 89.23 Exercised(1,535)32.10 Canceled(155)76.03 Outstanding, December 27, 20249,139 $55.60 6,582 $47.16 

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The following table summarizes information for options outstanding and exercisable at December 27, 2024 (in thousands, except exercise prices and contractual term amounts): Options OutstandingOptions ExercisableRange of  PricesOptionsOutstandingWeighted AverageRemainingContractual Termin YearsWeighted AverageExercise PriceOptionsExercisableWeighted AverageExercise Price $    20-402,007 1.6$28.05 2,007 $28.05  $    40-603,267 4.348.93 3,267 48.93  $    60-80 2,988 7.471.50 1