Conagra Brands (NYSE: CAG) director reports 1,768.53 deferred fee shares

Rhea-AI Filing Summary

Conagra Brands reported that one of its directors acquired 1,768.53 shares of common stock on 12/01/2025 at a price of $17.67 per share. The shares represent deferred director fees under the company’s Directors’ Deferred Compensation Plan and will be issued later based on the director’s prior election. After this transaction, the director beneficially owns 200,983.66 shares directly and 3,968.1 shares indirectly through a living trust, reflecting additional shares accumulated through dividend reinvestment features.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MARSHALL RUTH ANN

(Last) (First) (Middle)

C/O CONAGRA BRANDS, INC.

222 W. MERCHANDISE MART PLAZA, STE. 1300

(Street)

CHICAGO IL 60654

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CONAGRA BRANDS INC. [ CAG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/01/2025		A		1,768.53(1)	A	$17.67	200,983.66(2)	D
Common Stock								3,968.1(3)	I	Living Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the right to receive 1,768.53 shares of the Issuer's common stock in connection with the payment of the Reporting Person's director's fees, which fees have been deferred under the Issuer's Directors' Deferred Compensation Plan (the "Plan"). These shares will be distributed to the Reporting Person in accordance with her election under the Plan; deferred amounts may not be transferred from the Plan until the time specified in her election.

2. Includes 3,692.59 shares acquired since the date of the Reporting Person's last report through a dividend equivalent reinvestment feature under the Plan.

3. Includes 61.51 shares acquired through dividend reinvestment since the date of the Reporting Person's last report.

	/s/ McLaurin Hill Files, Attorney-in-Fact	12/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Conagra Brands (CAG) report in this Form 4?

A Conagra Brands director reported acquiring 1,768.53 shares of common stock on 12/01/2025 at $17.67 per share, tied to deferred director fees.

How were the new Conagra Brands (CAG) shares for the director granted?

The 1,768.53 shares represent the right to receive common stock as payment of the director’s fees, which were deferred under the Directors’ Deferred Compensation Plan.

When will the Conagra Brands director receive the deferred shares reported in this filing?

The shares will be distributed to the director in accordance with her election under the Directors’ Deferred Compensation Plan, and deferred amounts may not be transferred until that time.

What is the director’s total direct and indirect ownership in Conagra Brands (CAG) after this transaction?

Following the reported transaction, the director beneficially owns 200,983.66 shares directly and 3,968.1 shares indirectly through a living trust.

How did dividend reinvestment affect the share amounts in this Conagra Brands Form 4?

The direct holdings include 3,692.59 shares acquired via a dividend equivalent reinvestment feature under the plan, and the indirect holdings include 61.51 shares acquired through dividend reinvestment.

What is the relationship of the reporting person to Conagra Brands (CAG)?

The reporting person is a director of Conagra Brands and filed this Form 4 as a single reporting person.