Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 59

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 59
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 at certain times. Consistent with our annual compensation cycle, the MOCC typically grants annual equity awards, in the form of stock options, to our executive officers at the MOCC’s first regular meeting of the year, typically in February. The dates for these committee meetings are set more than a year in advance on a fairly consistent cadence year over year. The dates of the committee meetings generally occur after we have issued our earnings release announcing our fourth quarter and full year financial results; however, the meetings may occur closer in time to the filing of our related Annual Report on Form 10-K,which we generally do not believe includes additional material information beyond what we disclosed in our earnings release. The timing of any equity grants to executive officers in connection with new hires, promotions, or other non-routinegrants is tied to the event giving rise to the award (such as an executive officer’s commencement of employment or promotion effective date). As a result, in all cases, the timing of the grant of stock options, occurs independent of the release of any material, non-publicinformation, and we do not time the disclosure of material non-publicinformation for the purpose of affecting the value or exercise price of stock options. As disclosed in the table below, the annual stock option grant on February 16, 2024 occurred two business days before we filed our Annual Report on Form 10-Kfor the fiscal year ended December 29, 2023. However, because we issued our earnings release with our financial results for the fourth quarter and fiscal year ended December 29, 2023 on January 29, 2024, there was no material, non-publicinformation at the time these annual grants were made.

|                 |     | Grant Date |     |           |     | Number ofSecuritiesUnderlying theAward (#) |     |         |     | Exercise Price($) |     |       |     | Grant Date FairValue of the 
 Award (#)                   |     |           |     | Percentage Change in the ClosingMarket Price of the SecuritiesUnderlying the Award Between theTrading Day Ending Immediately                                  
 Prior to the Disclosure of MaterialNonpublic Information and theTrading Day Beginning ImmediatelyFollowing the Disclosure of MaterialNonpublic Information(1) |     |        |   |
| Mark W. Sheahan |     |            |     | 2/16/2024 |     |                                            |     | 189,910 |     |                   |     | 88.64 |     |                             |     | 5,499