X0306 4 2021-02-12 0000042888 GRACO INC GGG 0001190806 LOWE DAVID M 88 11TH AVENUE NE MINNEAPOLIS MN 55413 1 President, Process Division Common Stock 2021-02-12 4 M 0 54000 14.2433 A 604239.4351 D Common Stock 2021-02-12 4 S 0 54000 71.5468 D 550239.4351 D Common Stock 1387.7304 I By ESOP Non-qualified Stock Option (Right to Buy) 71.92 2021-02-12 4 A 0 28310 0 A 2031-02-12 Common Stock 28310 28310 D Non-qualified Stock Option (Right to Buy) 14.2433 2021-02-12 4 M 0 54000 0 D 2021-02-18 Common Stock 54000 0 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.17 to $72.09, 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, full information regarding the number of shares sold at each separate price within the range set forth in the footnote. Included in the amount reported are shares acquiared under Graco Employee Stock Purchase Plan, exempt under Rule 16b-3. The number of ESOP shares include ESOP shares acquired in unreported dividend reinvestment transactions, exempt under Rule 16b-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. 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. /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. Lowe 2021-02-16