Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 57

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 57
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4                                           |     |         |     |          0 |   |     |            |     |         0 |
| Add dividends or other earnings paid on stock or option awards in 2023 prior to vesting if not otherwise included in total compensation for fiscal year 2024                                                     |     |         |     |          0 |   |     |            |     |         0 |
| Compensation Actually Paid (as calculated)                                                                                                                                                                       |     |         |     |  4,763,001 |   |     |            |     | 1,247,444 |

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<div align='center'>Graco Inc. 2025 Proxy Statement</div>

| (5) | Total shareholder return is calculated based on a fixed investment of one hundred dollars measured from the market close on the last trading day of fiscal 2019 through and including the end of each fiscal year reported in the table. |

| (6) | The peer group used in this Pay Versus Performance table is the Dow Jones U.S. Industrial Machinery Index, which is the same peer group the Company uses for purposes of the stock performance graph in our Annual Report on Form10-K. |

| (7) | Our Company-selected measure, which is the measure we believe represents the most important financial performance not otherwise presented in the table above that we use to link CAP to our NEOs for fiscal 2024 to our Company’s performance, isNet Sales, as reported in our Annual Report on Form10-K. |

Most Important Financial Measures

The table below lists the most important financial performance measures used by the Company to link CAP to the Company’s NEOs to Company performance.

| Most Important Financial Performance Measures |
| Net Sales                                     |
| Incentive Earnings Per Share                  |
| Divisional Net Sales                          |
| Divisional Incentive EPS                      |
| Regional Net Sales                            |
| Regional Incentive EPS                        |

As further described in the Compensation Discussion and Analysis section of this Proxy Statement, Incentive Bonus Plan targets are weighted 40% corporate Net Sales and 60% corporate Incentive EPS for the CEO, CFO and CHRO; 20% corporate Net Sales, 30% corporate Incentive EPS, 20% worldwide divisional Net Sales and 30% worldwide divisional Incentive EPS for NEOs with divisional leadership responsibility; and 20% corporate Net Sales, 30% corporate Incentive EPS, 20% regional