Colleen Batcheler - Jul 22, 2021 Form 4 Insider Report for CONAGRA BRANDS INC. (CAG)

Role: EVP Gen Counsel & Corp Secty
Signature: /s/ Uche Ndumele, Attorney-in-fact
Stock symbol: CAG
Transactions as of: Jul 22, 2021
Transactions value $: -$920,811
Form type: 4
Date filed: 7/26/2021, 05:12 PM
Previous filing: Jul 21, 2021
Next filing: Jul 27, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CAG	Common Stock	Award	$0	+60.7K	+37.94%	$0.00	221K	Jul 23, 2021	Direct	F1
transaction	CAG	Common Stock	Tax liability	-$921K	-26.9K	-12.19%	$34.25	194K	Jul 23, 2021	Direct	F2

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	Award	$0	+11.4K		$0.00	11.4K	Jul 22, 2021	Common Stock	11.4K		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	The shares acquired were earned under the Conagra Brands fiscal year 2019-2021 long term incentive plan and include dividend equivalents paid in additional shares of common stock on the earned amount.
F2	26,885 shares were withheld automatically in order to satisfy the tax liability that arose upon the vesting of the shares.
F3	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock upon settlement.
F4	Restricted stock units vest on July 22, 2024, or earlier upon certain events.