Graco Inc. director was just granted 194 restricted shares


Martha A Morfitt, a director of Graco Inc., just received 194 restricted shares from the company. The restricted shares don't become available to Morfitt until such time as they become vested. Morfitt now owns at least 27,595 restricted shares of the company.

Some additional info was provided as follows:

The Phantom Stock Units were accrued under the Graco Inc. 2010 Stock Incentive Plan and are to be settled 100% in Graco common stock in a lump sum or installments upon reporting person's termination of service on the Board.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Graco Inc. next reports earnings on July 23, 2014.

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