Thomas M. McGough - 06 Apr 2023 Form 4 Insider Report for CONAGRA BRANDS INC. (CAG)

Signature
/s/ Henry Turner, Jr., Attorney-in-fact
Issuer symbol
CAG
Transactions as of
06 Apr 2023
Net transactions value
-$704,610
Form type
4
Filing time
07 Apr 2023, 19:48:43 UTC
Previous filing
17 Aug 2022
Next filing
21 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAG Common Stock Options Exercise $1,035,000 +45,000 +43% $23.00 149,859 06 Apr 2023 Direct
transaction CAG Common Stock Sale $1,739,610 -45,000 -30% $38.66 104,859 06 Apr 2023 Direct F1, F2
holding CAG Common Stock 111,303 06 Apr 2023 By trust
holding CAG Common Stock 400 06 Apr 2023 By wife

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 Employee Stock Option (right to buy) Options Exercise $0 +45,000 +98% $0.000000 90,951 06 Apr 2023 Common Stock 45,000 $23.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All of the shares being sold were acquired by the Reporting Person within the past two business days upon the exercise of stock options.
F2 Price reflects the weighted average purchase price for multiple transactions ranging from $38.600 to $38.775 per share, inclusive. The Reporting Person undertakes to provide, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
F3 Reflects an antidilution adjustment to the number of options and the exercise price for such options, which adjustment was made in connection with the spinoff of Lamb Weston Holdings, Inc. from the Issuer on November 9, 2016 (the "Spinoff").
F4 These stock options became exercisable as to 40% on July 14, 2015, 30% on July 14, 2016, and 30% on July 14, 2017.