Form 4: Conagra Brands Executive Carey Bartell Reports Significant Stock Acquisitions and RSU Grants

Conagra Brands' EVP, GC and Corporate Secretary, Carey Bartell, reported multiple acquisitions of common stock through incentive plans and RSU vesting, alongside new RSU grants and shares withheld for tax obligations.

Summary

• Carey Bartell, EVP, GC and Corporate Secretary of Conagra Brands Inc. (CAG), reported several transactions involving company common stock and restricted stock units (RSUs).
• On July 17, 2025, Bartell acquired 9,980 shares of common stock at $0.00, earned under the Conagra Brands fiscal year 2023-2025 long-term incentive plan, including dividend equivalents.
• On the same date, 4,422 shares of common stock were disposed of at $18.97 to cover tax obligations.
• On July 19, 2025, 3,638 shares of common stock were acquired at $0.00 due to the vesting of RSUs granted on July 19, 2023.
• Concurrently, 1,612 shares of common stock were disposed of at $19.07 for tax withholding.
• On July 20, 2025, 8,267 shares of common stock were acquired at $0.00 from the vesting of RSUs granted on July 20, 2022.
• Another 3,663 shares of common stock were disposed of at $19.07 for tax purposes on July 20, 2025.
• Bartell also acquired 30,018 new Restricted Stock Units (RSUs) on July 17, 2025, which will vest in three equal tranches on July 17, 2026, July 17, 2027, and July 17, 2028.
• Following these transactions, Bartell directly beneficially owns 42,602 shares of common stock and 30,018 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The sentiment is positive as the executive is accumulating shares through incentive plans and RSU vesting, indicating alignment with shareholder interests and confidence in future performance. The dispositions are for tax purposes, which is a neutral event.

Positives

• Significant acquisition of 9,980 shares of common stock under the company's long-term incentive plan, indicating performance-based compensation.
• Vesting of 3,638 shares and 8,267 shares from previously granted Restricted Stock Units, demonstrating continued equity accumulation.
• Grant of 30,018 new Restricted Stock Units, aligning executive incentives with future company performance over a multi-year vesting period.

Negatives

• Disposition of 9,697 shares (4,422 + 1,612 + 3,663) of common stock across three dates to cover tax obligations, which is a common practice but reduces direct share ownership.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The document details transactions by an executive (Carey Bartell) with the company (Conagra Brands Inc.), which are by definition related-party transactions. Specifically, these include acquisitions of common stock through long-term incentive plans and vesting of Restricted Stock Units, and dispositions of shares for tax withholding.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholders through equity accumulation. The tax-related dispositions are routine and not indicative of a lack of confidence.
• Employees: Reflects the company's ongoing long-term incentive programs for executives, which can be a positive signal for broader employee compensation strategies.

Next Steps

• Future vesting of 30,018 Restricted Stock Units on July 17, 2026, July 17, 2027, and July 17, 2028.
• Final vesting of 33.34% of Restricted Stock Units granted on July 19, 2023, on July 19, 2026.

Key Dates

Recommendation

Keywords

Conagra Brands, CAG, SEC Form 4, Insider Trading, Stock Acquisition, Restricted Stock Units, RSU Vesting, Executive Compensation, Equity Incentive Plan, Carey Bartell