Form 4: Conagra Brands SVP Controller Reports Routine Equity Transactions

William Eric Johnson, SVP and Corporate Controller at Conagra Brands Inc., reported the vesting of restricted stock units and the grant of new units, alongside shares withheld for tax obligations.

Summary

• William Eric Johnson, SVP, Corporate Controller of Conagra Brands Inc. (CAG), reported changes in his beneficial ownership of company securities.
• On July 17, 2025, Johnson was granted 10,006 new Restricted Stock Units (RSUs), which are scheduled to vest in three equal annual installments on July 17, 2026, July 17, 2027, and July 17, 2028.
• On July 19, 2025, 1,516 RSUs, originally granted on July 19, 2023, vested and converted into common stock.
• Concurrently on July 19, 2025, 450 shares of common stock were disposed of to cover tax obligations at a price of $19.07 per share.
• On July 20, 2025, 3,469 RSUs, originally granted on July 20, 2022, fully vested and converted into common stock.
• Concurrently on July 20, 2025, 1,018 shares of common stock were disposed of to cover tax obligations at a price of $19.07 per share.
• Following these reported transactions, Johnson's direct beneficial ownership stands at 10,501 shares of common stock and 10,006 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The transactions primarily involve the routine vesting of restricted stock units and the subsequent withholding of shares for tax purposes. The grant of new RSUs indicates continued long-term incentive alignment for the executive, which is generally a neutral to slightly positive signal regarding executive retention and motivation.

Positives

• The grant of 10,006 new Restricted Stock Units aligns the SVP, Corporate Controller's incentives with long-term company performance.
• The vesting of 4,985 Restricted Stock Units (1,516 + 3,469) into common stock increases the reporting person's direct equity stake in Conagra Brands Inc.

Negatives

• A total of 1,468 shares of common stock (450 + 1,018) were withheld to cover tax liabilities associated with the RSU vesting, reducing the net shares received by the reporting person.

Future Outlook

The reporting person's future equity ownership is set to increase through the vesting of 10,006 Restricted Stock Units in annual installments on July 17, 2026, July 17, 2027, and July 17, 2028. Additionally, a final 33.34% portion of the Restricted Stock Units granted on July 19, 2023, is scheduled to vest on July 19, 2026.

Industry Context

This filing details routine equity compensation transactions for a senior executive at a major packaged food company. Such grants and vestings are standard practice across the consumer staples industry to align management incentives with shareholder interests and retain key talent.

Stakeholder Impact

• Shareholders: The transparency of insider transactions provides insight into executive equity ownership and compensation, which can influence investor confidence. The grant of new RSUs aligns executive interests with long-term shareholder value.

Next Steps

• Future vesting of 10,006 Restricted Stock Units on July 17, 2026, July 17, 2027, and July 17, 2028.
• Future vesting of 33.34% of the July 19, 2023 RSU grant on July 19, 2026.

Key Dates

Keywords

Conagra Brands, CAG, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Equity Compensation, Corporate Controller, Beneficial Ownership