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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D.C. 20549 FORM 10 - K Annual Report Pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 for the fiscal year ended December 25 , 2020 , or Transition report pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 for the transition period from to Commission File No. 001-09249 Graco Inc. ( Exact name of Registrant as specified in its charter ) Minnesota ( State or other jurisdiction of incorporation or organization ) 88 - 11th Avenue N.E. Minneapolis , Minnesota ( Address of principal executive offices ) ( 612 ) 623-6000 ( Registrant's telephone number , including area code ) Large accelerated filer Emerging growth company Securities registered pursuant to Section 12 ( b ) of the Act : Title of each class Common Stock , par value $ 1.00 per share Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes No Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . » Yes No Trading Symbol ( s ) GGG Accelerated filer 41-0285640 ( I.R.S. Employer Identification No. ) 55413 ( Zip Code ) Indicate by check mark whether the registrant has submitted electronically every Interactive Data file required to be submitted pursuant to Rule 405 of Regulation S - T during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No Non - accelerated filer Name of each exchange on which registered The New York Stock Exchange Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company , " and " emerging growth company " in Rule 12b - 2 of the Exchange Act : Yes No Smaller reporting company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined by Rule 12b - 2 of the Act ) . Yes > No The aggregate market value of 164,223,420 shares of common stock held by non - affiliates of the registrant was $ 7,690,582,750 as of June 26 , 2020 .