Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 42

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 42
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 | Mr. O’Shea |         |     | Ms. Banerjee |         |
| Employee Investment Plan Matching Contribution |     |             | $10,350 |     |          | $10,350 |     |             | $ 4,442 |     |            | $10,350 |     |              | $ 9,998 |
| Employee Investment Plan Basic Contribution    |     |             |       — |     |          |       — |     |             |       — |     |            | $ 6,900 |     |              | $ 6,900 |
| Other Perquisites(a)                           |     |             | $17,095 |     |          | $15,173 |     |             | $20,555 |     |            | $19,109 |     |              | $ 9,537 |
| Total                                          |     |             | $27,445 |     |          | $25,523 |     |             | $24,998 |     |            | $36,359 |     |              | $26,435 |

| (a) | The Other Perquisites consist of Company-provided incremental cost for long-term disability coverage, financial planning, spousal travel, miscellaneous travel and an executive physical. None of these individual perquisite categories exceeded the greater of $25,000 or 10% of the total perquisite amount. |

| (6) | Mr. Johnson served as President Worldwide Contractor Equipment Division through December 31, 2023, and became Chief Commercial Development Officer effective January 1, 2024, prior to his retirement on February 28, 2025. |

| (7) | Mr. O’Shea served as President Worldwide Lubrication Equipment Division and President South and Central America through December 31, 2024, and became President, Global Industrial Division effective January 1, 2025. Mr. O’Shea was not an NEO in 2023 or 2022. |

| (8) | Ms. Banerjee joined the Company as Executive Vice President and Chief Human Resources Officer in May 2023. Ms. Banerjee was not an NEO in 2023 or 2022. |

32 Graco Inc. 2025 Proxy Statement

Grants of Plan-Based Awards in 2024 On February 16, 2024, the MOCC awarded a non-qualifiedstock option to each executive officer, including