Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 41

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 41
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,489 |         |     |                      78,000 |           |     |                        42,500 |        |     | 1,682,357 |           |
|                                                                               |     | 2022 |      |     |    544,600 |           |     | —            |   |     | —          |   |     |       499,944 |           |     |                                       206,322 |         |     |                           0 |           |     |                        15,412 |        |     | 1,266,278 |           |
| Peter J. O’Shea President, Global Industrial Division(7)                      |     |      | 2024 |     |            |   395,500 |     |              | — |     |            | — |     |               |   499,850 |     |                                               | 136,431 |     |                             |     9,112 |     |                               | 36,359 |     |           | 1,077,252 |
| Ronita Banerjee Executive Vice President and Chief Human Resources Officer(8) |     |      | 2024 |     |            |   416,000 |     |              | — |     |            | — |     |               |   499,850 |     |                                               |  34,870 |     |                             |         — |     |                               | 26,435 |     |           |   977,155 |

| (1) | Bonus includes any anniversary service awards or discretionary bonuses. |

| (2) | The amounts reported in the Option Awards column represent the aggregate grant date fair market value of stock options granted in the fiscal year, as estimated for financial accounting purposes. Information concerning the assumptions used in accounting for equity awards may be found in Item 8, Financial Statements and Supplementary Data, Note H to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K. |

| (3) | The amounts reported in the Non-Equity Incentive Plan Compensation column represent awards earned under the Incentive Bonus Plan. The Incentive Bonus Plan has a 100% of base salary target payout and a 150% of base salary maximum payout for Mr. Sheahan and a 70% of base salary target payout and a 105% of base salary maximum payout for the other NEOs. See “Grants of Plan-Based Awards in 2024” below