[Form 4] Conagra Brands, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Conagra Brands (CAG) Form 4 – EVP & Chief Supply Chain Officer Alexandre Eboli reported routine equity activity dated 07/24/2025.

• Acquisition: 10,962 common shares received upon partial vesting of previously granted restricted stock units (RSUs). The RSUs were granted 07/24/2024 and vest in three equal tranches through 2027. No cash was paid (code A, price $0).
• Disposition: 6,913 shares automatically withheld to cover taxes at an average price of $19.30 (code F).
• Net change: Direct ownership rises by 4,049 shares to 56,820 shares.
• Derivative position: 10,962 RSUs converted to stock (code M); 21,925 RSUs remain outstanding.

The filing neither signals open-market buying nor selling; it reflects scheduled vesting under the company’s long-term incentive plan. No other material events, earnings data, or strategic information are disclosed.

Insights

Financial Analyst

TL;DR – Routine RSU vesting; neutral market impact.

This Form 4 shows standard compensation mechanics rather than discretionary insider trading. Eboli’s direct stake increases modestly (<1% of daily volume) to 56.8k shares, while 6.9k shares were withheld for taxes, a common practice. Remaining 21.9k unvested RSUs keep the executive aligned with shareholder interests but do not alter the investment thesis. No strategic insights on operations, margins, or guidance are provided, so the filing is not impactful for valuation models.

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

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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).

1. Name and Address of Reporting Person^*

Eboli Alexandre

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP,Chief Supply Chain Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

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	07/24/2025		A		10,962(1)	A	$0	63,733	D
Common Stock	07/24/2025		F(2)		6,913	D	$19.3	56,820	D

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
Restricted Stock Units	(1)	07/24/2025		M			10,962	(1)	(1)	Common Stock	10,962	$0	21,925	D

Explanation of Responses:

1. The restricted stock units were granted on July 24, 2024 and vested 33.33% on 7/24/2025 and will vest 33.33% on 7/24/2026, and 33.34% on 7/24/2027. 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.

	/s/ McLaurin Files, Attorney-in-Fact	07/28/2025
	** 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

How many CAG shares did EVP Alexandre Eboli acquire on 07/24/2025?

He received 10,962 shares through RSU vesting.

What is Eboli's total direct ownership in Conagra Brands after the transaction?

His direct stake increased to 56,820 common shares.

Why were 6,913 CAG shares disposed of in the Form 4?

They were withheld for tax obligations at an average price of $19.30.

What are the vesting terms of the reported RSUs?

The RSUs vest 33.33% on 07/24/2025, 33.33% on 07/24/2026, and 33.34% on 07/24/2027.

Does this filing indicate a buy or sell signal for CAG stock?

No; it reflects scheduled compensation vesting, generally viewed as neutral by investors.