Kevin Wheeler, Director at Graco (NYSE:GGG), reported a large exercise of company stock options on February 20, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Wheeler, Director at Graco, a company in the Industrials sector, just exercised stock options worth 0 shares of GGG stock with an exercise price of $0.0.
Currently, Graco shares are trading down 0.0%, priced at $88.15 during Tuesday's morning. This values Wheeler's 0 shares at $0.
About Graco
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.
Breaking Down Graco's Financial Performance
Positive Revenue Trend: Examining Graco's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.0% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared ...