X0306 4 2020-10-27 0000042888 GRACO INC GGG 0001190809 MCHALE PATRICK J 88 11TH AVENUE NE MINNEAPOLIS MN 55413 1 1 President and CEO Common Stock 2020-10-27 4 M 0 85517 24.7934 A 283635.4351 D Common Stock 2020-10-27 4 S 0 82734 62.8307 D 200901.4351 D Common Stock 2020-10-27 4 S 0 2783 63.4122 D 198118.4351 D Common Stock 2020-10-27 4 M 0 134360 23.8467 A 332478.4351 D Common Stock 2020-10-27 4 S 0 128444 62.8259 D 204034.4351 D Common Stock 2020-10-27 4 S 0 5916 63.3642 D 198118.4351 D Common Stock 2020-10-28 4 M 0 1958 24.7934 A 200076.4351 D Common Stock 2020-10-28 4 S 0 1958 62.0939 D 198118.4351 D Common Stock 2020-10-28 4 M 0 3072 23.8467 A 201190.4351 D Common Stock 2020-10-28 4 S 0 3072 62.0939 D 198118.4351 D Common Stock 2314.114 I By ESOP Non-qualified Stock Option (Right to Buy) 24.7934 2020-10-27 4 M 0 85517 0 D 2025-02-13 Common Stock 85517 145690 D Non-qualified Stock Option (Right to Buy) 23.8467 2020-10-27 4 M 0 134360 0 D 2026-02-12 Common Stock 134360 230242 D Non-qualified Stock Option (Right to Buy) 24.7934 2020-10-28 4 M 0 1958 0 D 2025-02-13 Common Stock 1958 143732 D Non-qualified Stock Option (Right to Buy) 23.8467 2020-10-28 4 M 0 3072 0 D 2026-02-12 Common Stock 3072 227170 D The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $62.2371 to $63.2365, 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. The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $63.24 to $63.92, inclusive. The reporting person undertakes to provide to 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 with the range set forth in the footnote. The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $62.2134 to $63.2106, 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. The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $63.22 to $63.92, 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. The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $62.0002 to $62.3786, 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. The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $61.9996 to $62.3809, 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. Included in the amount reported are shares acquired under Graco Employee Stock Purchase Plan, exempt under Rule 16b-3. Included in this number are dividends paid pursuant to the Graco Employee Stock Ownership Plan, exempt under Rule 16b-3(c). 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. 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. /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. McHale 2020-10-29