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Conagra Brands (NYSE: CAG) CFO converts 57,098 RSUs, withholds 25,295 shares

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Form Type
4

Rhea-AI Filing Summary

CONAGRA BRANDS INC. EVP and CFO David S. Marberger reported vesting and settlement of 57,098 restricted stock units into common shares on July 17 and July 19, 2026, from prior RSU grants. To satisfy tax obligations, 25,295 shares were withheld at $14.28 per share.

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Negative

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Insider MARBERGER DAVID S
Role EVP and CFO
Type Security Shares Price Value
Exercise Restricted Stock Units F3 10,106 $0.00 $0.00
Exercise Restricted Stock Units F4 30,316 $0.00 $0.00
Exercise Common Stock F3 10,106 $0.00 $0.00
Exercise Common Stock F4 30,316 $0.00 $0.00
Tax Withholding Common Stock F2 17,907 $14.28 $256K
Exercise Restricted Stock Units F1 16,676 $0.00 $0.00
Exercise Common Stock F1 16,676 $0.00 $0.00
Tax Withholding Common Stock F2 7,388 $14.28 $106K
Holdings After Transaction: Restricted Stock Units — 33,354 shares (Direct); Common Stock — 331,204 shares (Direct)
Footnotes (4)
  1. F1. The restricted stock units ("RSUs") were granted on July 17, 2025, and vested 33.33% on July 17, 2026, and will vest 33.3% on July 17, 2027 and 33.34% on July 17, 2028. Each RSU represents the contingent right to receive one share of the Issuer's common stock on the vesting date.
  2. F2. Shares withheld for taxes.
  3. F3. The restricted stock units ("RSUs") were granted on July 19, 2023 and vested 33.33% on each of July 19, 2024 and July 19, 2025, and vested 33.34% on July 19, 2026. Each RSU represented the contingent right to receive one share of the Issuer's common stock on the vesting date.
  4. F4. The restricted stock units ("RSUs") were granted on July 19, 2023 and vested 100% on July 19, 2026. Each RSU represented the contingent right to receive one share of the Issuer's common stock on the vesting date.
RSUs converted to common stock 57,098 shares Total underlying shares from RSU exercises on July 17 and July 19, 2026
Shares withheld for taxes 25,295 shares Common shares withheld in code F transactions to satisfy tax liabilities
Tax withholding price $14.28 per share Valuation used for shares withheld to pay tax obligations
2025 RSU tranche vested 16,676 units Portion of RSUs granted July 17, 2025 that vested on July 17, 2026
Restricted Stock Units financial
"The restricted stock units ("RSUs") were granted on July 17, 2025, and vested 33.33%."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Common stock transactions coded F are described as a tax-withholding disposition for liabilities."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Transaction code M is defined as an exercise or conversion of a derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

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FAQ

What did Conagra Brands (CAG) EVP and CFO David S. Marberger report in this Form 4?

EVP and CFO David S. Marberger reported 57,098 restricted stock units converting into Conagra common shares. To cover associated tax liabilities, 25,295 shares were withheld at a value of $14.28 per share, all from previously granted RSU awards vesting in July 2026.

How many restricted stock units of CAG vested for the CFO on July 17, 2026?

On July 17, 2026, 16,676 restricted stock units vested for the CFO from a grant made on July 17, 2025. These RSUs are scheduled to vest in three tranches: 33.33% in 2026, and the remaining 66.67% across July 17, 2027 and July 17, 2028.

What 2023 RSU grants vested for Conagra Brands (CAG) CFO on July 19, 2026?

On July 19, 2026, RSUs from 2023 grants totaling 40,422 units vested: 10,106 units as the final 33.34% tranche of a July 19, 2023 award and 30,316 units from another July 19, 2023 grant that vested 100% on that date.

How many Conagra Brands (CAG) shares were withheld to cover the CFO's tax obligations?

A total of 25,295 common shares were withheld to satisfy tax liabilities arising from RSU vesting. This consisted of 7,388 shares and 17,907 shares withheld in code F transactions, each valued at $14.28 per share for tax purposes.

Were the Conagra Brands (CAG) CFO’s reported transactions under a Rule 10b5-1 trading plan?

The report indicates the transactions were not made pursuant to a Rule 10b5-1 trading plan, as the specific checkbox for such a plan was not marked. The activity reflects RSU vesting, share issuance and related tax-withholding, rather than open-market purchases or sales.
SEC Form 4
FORM 4UNITED 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
Estimated average burden
hours per response:0.5
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*
MARBERGER DAVID S

(Last)(First)(Middle)
C/O CONAGRA BRANDS, INC.
222 W. MERCHANDISE MART PLAZA, STE. 1300

(Street)
CHICAGO ILLINOIS 60654

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CONAGRA BRANDS INC. [ CAG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP and CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/17/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock07/17/2026M16,676(1)A$0316,077D
Common Stock07/17/2026F(2)7,388D$14.28308,689D
Common Stock07/19/2026M10,106(3)A$0318,795D
Common Stock07/19/2026M30,316(4)A$0349,111D
Common Stock07/19/2026F(2)17,907D$14.28331,204D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)07/17/2026M16,676(1) (1) (1)Common Stock16,676$033,354D
Restricted Stock Units(3)07/19/2026M10,106(3) (3) (3)Common Stock10,106$00D
Restricted Stock Units(4)07/19/2026M30,316(4) (4) (4)Common Stock30,316$00D
Explanation of Responses:
1. The restricted stock units ("RSUs") were granted on July 17, 2025, and vested 33.33% on July 17, 2026, and will vest 33.3% on July 17, 2027 and 33.34% on July 17, 2028. Each RSU represents the contingent right to receive one share of the Issuer's common stock on the vesting date.
2. Shares withheld for taxes.
3. The restricted stock units ("RSUs") were granted on July 19, 2023 and vested 33.33% on each of July 19, 2024 and July 19, 2025, and vested 33.34% on July 19, 2026. Each RSU represented the contingent right to receive one share of the Issuer's common stock on the vesting date.
4. The restricted stock units ("RSUs") were granted on July 19, 2023 and vested 100% on July 19, 2026. Each RSU represented the contingent right to receive one share of the Issuer's common stock on the vesting date.
/s/ McLaurin Files, Attorney-in-Fact07/21/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)