# EDGAR Filing Document

**Accession Number:** 0001957947
**File Stem:** 0001127602-23-000963
**Filing Date:** 2023-1
**Character Count:** 8618
**Document Hash:** 43819e5addf34435ac345026ad8e87d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001127602-23-000963.hdr.sgml**: 20230105

**ACCESSION NUMBER**: 0001127602-23-000963

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230101

**FILED AS OF DATE**: 20230105

**DATE AS OF CHANGE**: 20230105

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Merengo Claudio
- **CENTRAL INDEX KEY:** 0001957947

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-09249
- **FILM NUMBER:** 23512648

**MAIL ADDRESS:**
- **STREET 1:** 88 11TH AVENUE NE
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55413
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GRACO INC
- **CENTRAL INDEX KEY:** 0000042888
- **STANDARD INDUSTRIAL CLASSIFICATION:** PUMPS & PUMPING EQUIPMENT [3561]
- **IRS NUMBER:** 410285640
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1227

**BUSINESS ADDRESS:**
- **STREET 1:** 88 11TH AVENUE NE
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55413-1894
- **BUSINESS PHONE:** 6126236000

**MAIL ADDRESS:**
- **STREET 1:** CT CORPORATION SYSTEM, INC.
- **STREET 2:** 100 SOUTH FIFTH STREET, SUITE 1075
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401

## Ex-24

```

POWER OF ATTORNEY

Know all by these presents that the undersigned hereby constitutes and
appoints each of Joseph J. Humke, Janel W. French, David M. Lowe and
Francis J. Brixius Jr. signing singly, the undersigned?s true and lawful
attorney-in-fact to:

(1) Execute for and on behalf of the undersigned, in the undersigned?s
capacity as a director of Graco Inc. (the ?Company?), any Form 144 in
accordance with Rule 144 of the Securities Act of 1933 and Forms 3, 4 and 5
in accordance with Section 16(a) of the Securities Exchange Act of 1934, and
the rules thereunder;

(2) Do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete and execute any such Form 3,
4, 5 or 144 and timely file such form with the United States Securities and
Exchange Commission and any stock exchange or similar authority; and

(3) Take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it
being understood that the documents executed by such attorney-in-fact on
behalf of the undersigned pursuant to this Power of Attorney shall be in such
form and shall contain such terms and conditions as such attorney-in-fact may
approve in such attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and
powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this Power of Attorney and the
rights and powers herein granted.  The undersigned acknowledges that the
foregoing attorneys-in-fact-in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934 or Rule 144 of the Securities Act of 1933.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, 5 and 144 with respect
to the undersigned's holdings of and transactions in securities issued by the
Company, unless earlier revoked by the undersigned in a signed writing
delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 6th day of December, 2022.

/s/ Claudio Merengo
Claudio Merengo

```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Merengo Claudio<br><sub>(Last) (First) (Middle)</sub><br>88 11TH AVENUE NE<br><sub>(Street)</sub><br>MINNEAPOLIS, MN 55413<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>GRACO INC [ GGG ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2023-01-01 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_President, Worldwide Gema_ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |
| Common Stock | 18252.1466 | D |  |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Non-qualified Stock Option (Right to Buy) | <sup>(1)</sup> | 2025-02-13 | Common Stock | 21793 | $24.7933 | D |  |
| Non-qualified Stock Option (Right to Buy) | <sup>(2)</sup> | 2026-02-12 | Common Stock | 27396 | $23.8467 | D |  |
| Non-qualified Stock Option (Right to Buy) | <sup>(2)</sup> | 2027-02-17 | Common Stock | 28821 | $30.3467 | D |  |
| Non-qualified Stock Option (Right to Buy) | <sup>(2)</sup> | 2028-02-16 | Common Stock | 17982 | $43.90 | D |  |
| Non-qualified Stock Option (Right to Buy) | <sup>(2)</sup> | 2029-02-15 | Common Stock | 18852 | $45.56 | D |  |
| Non-qualified Stock Option (Right to Buy) | <sup>(3)</sup> | 2030-02-14 | Common Stock | 18459 | $56.35 | D |  |
| Non-qualified Stock Option (Right to Buy) | <sup>(3)</sup> | 2031-02-12 | Common Stock | 13023 | $71.92 | D |  |
| Non-qualified Stock Option (Right to Buy) | <sup>(3)</sup> | 2032-02-18 | Common Stock | 11804 | $71.73 | D |  |

---

### Footnotes:

(1) Employee stock option granted pursuant to the Graco Inc. 2010 Stock Incentive Plan in transaction exempt under Rule 16b-3. The stock option becomes exercisable in four equal annual installments, commencing one year after the date of the grant.

(2) Employee stock option granted pursuant to the Graco Inc. 2015 Stock Incentive Plan in transaction exempt under Rule 16b-3. The stock option becomes exercisable in four equal annual installments, commencing one year after the date of the grant.

(3) Employee stock option granted pursuant to the Graco Inc. 2019 Stock Incentive Plan in transaction exempt under Rule 16b-3. The stock option becomes exercisable in four equal annual installments, commencing one year after the date of the grant.

**Signature:** /s/ Francis J. Brixius Jr. on behalf of Mr. Merengo  
**Date:** 2023-01-05

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**