MARSHALL RUTH ANN 4

What Happened
Ruth Ann Marshall, a director of Conagra Brands, received equity awards on 2026-06-01: 12,869 restricted stock units (RSUs) and 2,002.29 shares issued in connection with deferred director fees. The 2,002.29 shares were reported at $13.11 per share for a total of $26,250. The RSUs are contingent rights (no per-share price reported) and will convert to common stock under the terms described below.

Key Details

• Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (appears timely).
• Reported transaction codes: A = Award/Grant/Other acquisition.
• Awards: 12,869 RSUs (price N/A; contingent right to one share each, see footnote).
• Issued shares from deferred fees: 2,002.29 shares @ $13.11 = $26,250.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes:
  • RSUs represent the right to receive one share each on June 1, 2027, or earlier upon certain events.
  • The 2,002.29 shares reflect deferred director fees under the Directors' Deferred Compensation Plan and will be distributed per the director's election; deferred amounts generally cannot be transferred until the elected distribution time.

Context
These items are compensatory equity grants typical for non-employee directors (RSUs and conversion of deferred fees) and are not open-market purchases or sales. RSUs are a form of deferred compensation and do not immediately add tradable shares until vested/distributed; the deferred-fee shares reflect a conversion of fees into equity under the company plan. Such awards are routine director compensation and should not be interpreted alone as a bullish or bearish signal.