Director Martha A M Morfitt of Graco Inc filed a Form 4 on October 28, 2026, reporting the exercise of four tranches of fully vested non-qualified stock options on October 26, 2026, converting a total of 45,240 option shares into common stock.

Key Highlights

  • Reporting person: Martha A M Morfitt, Director at Graco Inc (NYSE:GGG)
  • Transaction date: October 26, 2026, all four exercises reported on the same day
  • Options exercised: 12,870 shares at $36.0867; 9,130 shares at $45.98; 9,470 shares at $50.87; and 13,770 shares at $44.52, totaling 45,240 shares
  • All options fully vested: The filing notes each tranche was "Fully vested" at the time of exercise
  • Direct beneficial ownership after transactions: 276,736 shares of common stock held directly
  • Indirect ownership: An additional 3,300 shares held indirectly by trusts
  • Transaction code: "M" (exercise or conversion of derivative security) for all four tranches

Morfitt Converts Four Option Tranches Into Graco Common Stock

According to the filing, Director Martha A M Morfitt exercised four separate tranches of non-qualified stock options in Graco Inc on October 26, 2026. The exercises were reported under transaction code "M," indicating the conversion of derivative securities. Each tranche had been fully vested, as noted in the filing's explanation of responses. The exercise prices ranged from $36.0867 to $50.87 per share across the four grants.

The filing details the individual tranches as follows: 12,870 shares at an exercise price of $36.0867 (expiring April 28, 2027); 9,130 shares at $45.98 (expiring April 27, 2028); 9,470 shares at $50.87 (expiring April 26, 2029); and 13,770 shares at $44.52 (expiring April 24, 2030). The price of each derivative security at the time of exercise was reported as $0 in Table II of the filing. Following all four transactions, Morfitt's directly held common stock position stood at 276,736 shares, according to the filing.

In addition to her direct holdings, the filing reports that Morfitt indirectly beneficially owns 3,300 shares of Graco common stock held by trusts. The Form 4 was signed by Joseph J. Humke as attorney-in-fact for Ms. Morfitt and filed on October 28, 2026.

What Was Disclosed

The filing disclosed the exercise of 45,240 fully vested non-qualified stock options in four tranches by Graco Director Martha A M Morfitt on October 26, 2026, resulting in direct ownership of 276,736 shares plus 3,300 shares held indirectly by trusts.