Conagra (CAG) CFO David Marberger Exercises RSUs; Shares Withheld

What Happened
David S. Marberger, EVP and CFO of Conagra Brands (CAG), had restricted stock units (RSUs) vest and be converted into common shares on July 17 and July 19, 2026. A total of 57,098 RSUs converted to shares (16,676 on 7/17; 10,106 and 30,316 on 7/19). To cover tax withholding, 25,295 shares were surrendered at $14.28 per share for $361,213. The RSUs carried no exercise price ($0.00), so there was no cash outlay for the conversions; net new shares retained by Marberger after withholding were 31,803.

Key Details

• Transaction dates: July 17, 2026 and July 19, 2026; Form 4 filed July 21, 2026 (appears timely).
• Conversions (M code): 57,098 RSUs -> common shares (16,676; 10,106; 30,316).
• Tax withholding (F code): 25,295 shares withheld at $14.28/share = $361,213.
• Exercise/conversion price: $0.00 (RSUs, not stock options).
• Shares owned after the transactions: not specified in the provided report.
• Footnotes: RSUs came from grants dated July 17, 2025 (portion vested 7/17/2026) and July 19, 2023 (portions vested/fully vested on 7/19/2026). Shares were withheld to satisfy tax obligations.

Context
These transactions reflect routine RSU vesting and tax-withholding rather than an open-market buy or sale. On Form 4s, M-code entries for $0 often indicate conversion/settlement of RSUs to common stock; F-code entries show shares surrendered to satisfy tax withholding (a common administrative step). No 10b5-1 plan, gifts, or option purchases are indicated in the filing.