Form 4: Conagra Brands Executive Carey Bartell Reports Routine Stock Transactions Following RSU Vesting

Conagra Brands' EVP, General Counsel, and Corporate Secretary, Carey Bartell, reported the vesting of 26,108 Restricted Stock Units and subsequent sale of shares for tax purposes.

Summary

• Carey Bartell, Executive Vice President, General Counsel, and Corporate Secretary of Conagra Brands Inc. (CAG), reported changes in beneficial ownership of the company's common stock.
• On June 6, 2025, Bartell acquired 26,108 shares of Conagra Brands common stock upon the vesting of Restricted Stock Units (RSUs) that were originally granted on June 6, 2022.
• Concurrently with the RSU vesting, 7,650 shares were disposed of at a price of $22.39 per share to satisfy tax withholding obligations.
• Following these transactions, Bartell's direct beneficial ownership of Conagra Brands common stock stands at 30,414 shares.

Sentiment

Score: 6

Explanation: The document reports a routine executive compensation event (RSU vesting) followed by a standard tax withholding transaction. While it represents an increase in the executive's gross shareholding, the net effect after tax withholding is a reduction from the initial vested amount. This is a neutral to slightly positive event as it signifies the payout of a long-term incentive.

Positives

• The vesting of 26,108 Restricted Stock Units (RSUs) signifies the successful payout of a long-term incentive compensation plan for the executive.
• The acquisition of shares through RSU vesting at a $0 cost basis directly increases the executive's equity stake in the company before accounting for tax withholding.

Negatives

• A total of 7,650 shares were disposed of at $22.39 per share to cover tax liabilities, resulting in a reduction of the executive's net beneficial ownership following the RSU vesting.

Future Outlook

NA

Management Comments

• "The restricted stock units ('RSUs') were granted on June 6, 2022 and vested on June 6, 2025. Each RSU represented the contingent right to receive one share of the Issuer's common stock on the vesting date."
• "Shares withheld for taxes."

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transactions, specifically related to the vesting of executive compensation in the form of Restricted Stock Units. Such filings are common across all industries for publicly traded companies as part of regulatory compliance under Section 16(a) of the Securities Exchange Act of 1934.

Stakeholder Impact

• Shareholders: The transaction is a routine part of executive compensation and does not indicate any significant strategic shift or financial performance change that would directly impact all shareholders beyond the standard dilution from equity compensation plans.
• Reporting Person (Carey Bartell): The transaction represents a realization of long-term incentive compensation, increasing personal wealth and aligning interests with shareholders, albeit with a portion of shares withheld for tax purposes.

Key Dates

Keywords

Conagra Brands, CAG, Form 4, insider transaction, stock ownership, Restricted Stock Units, RSU vesting, executive compensation, Carey Bartell