Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 60

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 60
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135 |     | —                             |     |        — |
| Mark W. Sheahan(6, 8)                                                     |     |           861,857 |     | —                             |     |        — |
| Kevin J. Wheeler                                                          |     |            42,327 |     | —                             |     |    6,472 |
| All current directors and executive officers as a group 22 persons)(6, 8) |     |         3,738,302 |     | 2.19%                         |     |  245,953 |

| (1) | Includes shares which the non-employee directors and executive officers have a right, as of April 25, 2025, to acquire beneficial ownership of upon the exercise of vested stock options, in the following amounts: Ms. Anfang (2,692 shares), Ms. Banerjee (5,667 shares), Mr. Black (4,287 shares), Mr. Carter (24,167 shares), Mr. Etchart (68,047 shares), Ms. Feragen (49,177 shares), Mr. Gilligan (62,047 shares), Mr. Johnson (238,607 shares), Mr. Lowe (308,075 shares), Ms. Morfitt (96,367 shares), Mr. O’Shea (95,619 shares), Mr. Sheahan (762,066 shares) and Mr. Wheeler (42,327 shares). The aggregate number of shares which all current non-employee directors and executive officers have the right to acquire by this method is 349,111 and 1,978,676 respectively. |

| (2) | Beneficial ownership excludes shares of deferred stock credited to each individual non-employee director’s deferred stock account as of February 24, 2025. Upon termination of the director’s service on the Board, the non-employee director will be paid the balance in his or her deferred stock account through the issuance of Graco shares, either in a lump sum or installments, starting January 10 of the year following the separation of the non-employee director from service. The information in the column “Deferred Stock” is not required by the rules of the Securities and Exchange Commission because the deferred stock shares carry no voting rights and the non-employee director has no right or ability to convert the deferred stock shares to common stock within 60 days of February 24, 2025. Nevertheless, we believe this information provides a more complete picture of the financial stake