Form 4: Conagra Brands Director Ruth Ann Marshall Reports Acquisition of Shares Through Deferred Compensation Plan and Dividend Reinvestment

Director Ruth Ann Marshall reports acquiring Conagra Brands shares through a deferred compensation plan and dividend reinvestment, increasing her holdings.

Summary

• On September 3, 2024, Ruth Ann Marshall, a director of Conagra Brands, acquired 979.01 shares of common stock at $31.04 per share through the company's Directors' Deferred Compensation Plan.
• These shares represent deferred director's fees and will be distributed according to her election under the plan.
• Marshall also acquired 1,839.60 shares through dividend equivalent reinvestment under the same plan since her last report.
• Additionally, she acquired 32.99 shares through dividend reinvestment in a living trust since her last report.
• Following these transactions, Marshall directly owns 171,821.46 shares and indirectly owns 3,721.87 shares through a living trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through standard compensation and reinvestment programs.

Positives

• The director's participation in the deferred compensation plan and dividend reinvestment program demonstrates a continued investment in the company's future.

Future Outlook

The shares acquired through the deferred compensation plan will be distributed to the Reporting Person in accordance with her election under the Plan; deferred amounts may not be transferred from the Plan until the time specified in her election.

Industry Context

Directors often participate in deferred compensation plans and dividend reinvestment programs as part of their overall compensation and investment strategies. This filing reflects a routine transaction related to these programs.

Comparison to Industry Standards

• Director compensation packages often include deferred compensation plans and stock options to align their interests with shareholders, similar to practices at companies like General Mills (GIS) and Kellogg (K).

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they demonstrate the director's continued confidence in the company.

Key Dates