Thomas M. McGough - Aug 2, 2023 Form 4 Insider Report for CONAGRA BRANDS INC. (CAG)

Role
EVP & Co-COO
Signature
/s/ McLaurin Files, Attorney-in-fact
Stock symbol
CAG
Transactions as of
Aug 2, 2023
Transactions value $
-$405,640
Form type
4
Date filed
8/3/2023, 04:56 PM
Previous filing
Jul 24, 2023
Next filing
Jul 23, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAG Common Stock Options Exercise $2.09M +91K +64.19% $23.00 233K Aug 2, 2023 Direct
transaction CAG Common Stock Sale -$2.5M -75.5K -32.46% $33.07 157K Aug 2, 2023 Direct F1, F2
holding CAG Common Stock 111K Aug 2, 2023 By trust
holding CAG Common Stock 400 Aug 2, 2023 By wife

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CAG Employee Stock Option (right to buy) Options Exercise $0 -91K -100% $0.00* 0 Aug 2, 2023 Common Stock 91K $23.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All of the shares being sold were acquired by the Reporting Person within the past two business days upon the exercise of stock options.
F2 Price reflects the weighted average purchase price for multiple transactions ranging from $32.820 to $33.230 per share, inclusive. The Reporting Person undertakes to provide, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
F3 Reflects an antidilution adjustment to the number of options and the exercise price for such options, which adjustment was made in connection with the spinoff of Lamb Weston Holdings, Inc. from the Issuer on November 9, 2016 (the "Spinoff").
F4 These stock options became exercisable as to 40% on July 14, 2015, 30% on July 14, 2016, and 30% on July 14, 2017.

Remarks:

Exhibit 24 - Power of Attorney