Sean Connolly - Jul 18, 2021 Form 4 Insider Report for CONAGRA BRANDS INC. (CAG)

Role: President and CEO, Director
Signature: /s/ Uche Ndumele, Attorney-in-fact
Stock symbol: CAG
Transactions as of: Jul 18, 2021
Transactions value $: -$773,021
Form type: 4
Date filed: 7/20/2021, 06:04 PM
Next filing: Jul 26, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CAG	Common Stock	Options Exercise	$0	+52.1K	+9.64%	$0.00	593K	Jul 18, 2021	Direct	F1, F2
transaction	CAG	Common Stock	Tax liability	-$773K	-22.2K	-3.74%	$34.86	570K	Jul 18, 2021	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CAG	Restricted Stock Units	Options Exercise	$0	-52.1K	-100%	$0.00^*	0	Jul 18, 2021	Common Stock	52.1K	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units ("RSUs") were granted on July 18, 2018 and vested on July 18, 2021. Each RSU represented the contingent right to receive one share of the Issuer's common stock on the vesting date.
F2	Includes 14,837.62 shares acquired since the date of the Reporting Person's last report through dividend equivalent reinvestment.
F3	22,175 shares were withheld automatically in order to satisfy the tax liability that arose upon the vesting of the RSUs.