GRACO INC — Director's Dealing 2023

May 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2023-05-01

Reporting Person: Merengo Claudio (President, Worldwide Gema)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-01	Common Stock	M	21793	$24.7933	Acquired	40079.4048	Direct
2023-05-01	Common Stock	S	21793	$80.3207	Disposed	18286.4048	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-01	Non-qualified Stock Option (Right to Buy)	$24.7933	M	21793	Disposed	2025-02-13	Common Stock (21793)	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The shares were sold at prices ranging from $80.20 to $80.53, inclusive. The reporting person undertakes to provide Graco Inc., any security holder of Graco Inc., or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within the range set forth in the footnote.

F2: Included in the amount reported are shares of Graco Common Stock acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11.

F3: 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.