X0306 4 2021-02-17 0000042888 GRACO INC GGG 0001190809 MCHALE PATRICK J 88 11TH AVENUE NE MINNEAPOLIS MN 55413 1 1 President and CEO Common Stock 2021-02-17 4 M 0 15254 30.3467 A 213372.4351 D Common Stock 2021-02-17 4 S 0 15254 70.1523 D 198118.4351 D Common Stock 2326.5691 I By ESOP Non-qualified Stock Option (Right to Buy) 30.3467 2021-02-17 4 M 0 15254 0 D 2027-02-17 Common Stock 15254 360986 D The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $69.715 to $70.54, 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 number of ESOP Stock Units includes ESOP Stock Units acquired in unreported dividend reinvestment transactions. 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. The reported stock option exercise and sale of common stock were completed in connection with Mr. McHale's marital dissolution, which was concluded on May 31, 2018. As reflected in column 5 of Table I, Mr. McHale's holdings remain substantially above his five times current base salary holding requirement. /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. McHale 2021-02-18