Form 4: Conagra Brands SVP, Corporate Controller William Eric Johnson Reports Stock Transactions
SEC Form 4
William Eric Johnson, SVP, Corporate Controller at Conagra Brands, reported the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On July 19, 2024, William Eric Johnson, SVP, Corporate Controller of Conagra Brands, had 1,515 restricted stock units (RSUs) vest, which converted into 1,515 shares of common stock.
- Also on July 19, 2024, 469 shares were withheld for taxes at a price of $29.63 per share.
- Following these transactions, Johnson directly owned 4,564 shares of Conagra Brands common stock.
- On July 22, 2024, an additional 3,424 restricted stock units (RSUs) vested, converting into 3,424 shares of common stock.
- On July 22, 2024, 1,004 shares were withheld for taxes at a price of $29.66 per share.
- Following these transactions, Johnson directly owned 6,984 shares of Conagra Brands common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a common practice for publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| July 19, 2023 | Date the first set of restricted stock units were granted, vesting in three tranches. |
| July 22, 2021 | Date the second set of restricted stock units were granted, vesting on July 22, 2024. |
| July 19, 2024 | Vesting of 1,515 restricted stock units and tax withholding of 469 shares. |
| July 22, 2024 | Vesting of 3,424 restricted stock units and tax withholding of 1,004 shares. |
| July 19, 2025 | Next vesting date for 33.33% of the restricted stock units granted on July 19, 2023. |
| July 19, 2026 | Final vesting date for 33.33% of the restricted stock units granted on July 19, 2023. |
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