Form 4: Conagra Brands EVP Carey Bartell Reports Stock Transactions

Carey Bartell, EVP, GC and Corp. Secretary of Conagra Brands, Inc., reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On May 2, 2024, Carey Bartell, EVP, GC and Corp. Secretary of Conagra Brands, Inc., had 4,180 restricted stock units (RSUs) vest.
• Each RSU represented the right to receive one share of Conagra Brands' common stock.
• Also on May 2, 2024, 1,219 shares were withheld for taxes at a price of $30.85 per share.
• Following these transactions, Bartell directly owns 6,532 shares of Conagra Brands common stock.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time.
• Tax withholding upon vesting is a standard practice.
• Form 4 filings are a common occurrence for publicly traded companies, with executives regularly reporting transactions in their company's stock.
• Comparable companies such as General Mills (GIS) and Kellogg (K) also have executives who file similar Form 4 reports.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates