Conagra (CAG) CFO David Marberger Receives Awards, Withholds Shares

What Happened

• David S. Marberger, EVP and Chief Financial Officer of Conagra Brands (CAG), received awards on 2026-07-22 that resulted in 123,702 shares/RSUs being acquired (two vested awards of 19,532 shares each and 84,638 restricted stock units). To satisfy tax withholding on vested awards, 17,306 shares were forfeited/withheld (report shows disposal) at $14.83 per share for a total tax withholding value of $256,648. Awarded/derivative shares were reported with $0 acquisition price (standard for grants/vests).

Key Details

• Transaction date: 2026-07-22; Form 4 filed 2026-07-24 (timely filing).
• Awards/acquisitions: 19,532 shares (LTIP earned), 19,532 shares (PSU retention vesting), and 84,638 RSUs (derivative award) — total 123,702 shares/RSUs granted/settled.
• Tax withholding (disposition): 17,306 shares withheld at $14.83 each, totaling $256,648.
• Footnotes: awards include dividend equivalents paid in additional shares (LTIP and PSU); RSUs represent contingent rights to one share upon settlement.
• Vesting schedule for the 84,638 RSUs: 33.33% on 7/22/2027, 33.33% on 7/22/2028, and 33.34% on 7/22/2029.
• Shares owned after the transaction: not disclosed in the provided filing.
• Transaction codes: A = Award/Grant/Acquisition, F = shares withheld for tax withholding.

Context

• These actions are awards/settlements (not open-market purchases or sales). The withheld shares are routine tax-withholding on vested equity and do not necessarily indicate a personal sale decision beyond tax obligations.
• The 84,638 RSUs are time-vesting restricted units — they are derivative awards that will convert to shares only as they vest per the schedule above.