Jody H. Feragen, a director at Graco Inc., has reported the acquisition of 418.08 deferred stock shares. This transaction, valued at approximately $32,000, occurred on October 1, 2026, and was filed with the SEC on October 5, 2026. Such moves are significant as they indicate continued investment in the company, which specializes in pumps and pumping equipment.
Graco Inc., based in Minneapolis, Minnesota, is known for its innovative solutions in the pumping industry. The company operates under the SIC code for Pumps & Pumping Equipment. Recent filings show that Graco is committed to retaining its key personnel through stock incentive plans.
The filing indicates that the deferred stock shares were accrued under Graco’s Amended and Restated 2019 Stock Incentive Plan. These shares are set to be settled in Graco common stock upon the termination of Feragen's service on the Board. The transaction is noted as a direct ownership acquisition, bringing Feragen's total shares owned to approximately 14,722.65.
This acquisition may affect Graco's stockholder dynamics and highlights the company's strategy to incentivize its directors. Other industry players like Xylem and Pentair are also known for similar practices in retaining their leadership through stock incentives.
The filing does not say what happens next.