Disclosed in a recent SEC filing on February 20, Black, Director at Graco (NYSE:GGG), made a noteworthy transaction involving the exercise of company stock options.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday revealed that Black, Director at Graco in the Industrials sector, exercised stock options for 0 shares of GGG stock. The exercise price of the options was $0.0 per share.
Currently, Graco shares are trading down 0.85%, priced at $87.4 during Tuesday's morning. This values Black's 0 shares at $0.
Delving into Graco's Background
Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2.2 billion in sales in 2023.
Understanding the Numbers: Graco's Finances
Revenue Growth: Graco's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 5.0%. ...