Darren Serrao - Jul 16, 2022 Form 4 Insider Report for CONAGRA BRANDS INC. (CAG)

Role
EVP & Co-COO
Signature
/s/Henry Turner, Attorney-in-fact
Stock symbol
CAG
Transactions as of
Jul 16, 2022
Transactions value $
-$215,535
Form type
4
Date filed
7/26/2022, 04:37 PM
Previous filing
Apr 8, 2022
Next filing
Jul 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAG Common Stock Options Exercise $0 +14.4K +12.88% $0.00 126K Jul 16, 2022 Direct F1
transaction CAG Common Stock Tax liability -$216K -6.39K -5.06% $33.73 120K Jul 16, 2022 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 Options Exercise $0 -14.4K -100% $0.00* 0 Jul 16, 2022 Common Stock 14.4K $0.00 Direct F1
transaction CAG Restricted Stock Units Award $0 +35.8K $0.00* 0 Jul 20, 2022 Common Stock 35.8K Direct F3, F4
* 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 16, 2019 and vested on July 16, 2022. Each RSU represented the contingent right to receive one share of the Issuer's common stock on the vesting date.
F2 6,390 shares were withheld automatically in order to satisfy the tax liability that arose upon the vesting of the RSU's.
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 20, 2025 or earlier upon certain events.