Napier Melissa C. 4
Research Summary
AI-generated summary
Conagra (CAG) SVP Melissa Napier Receives 15,131 Shares (Award)
What Happened
- Melissa C. Napier, Senior Vice President & Corporate Controller at Conagra Brands (CAG), received equity awards on 2026-07-22 totaling 15,131 shares/RSUs. The filing shows 1,025 shares were issued (acquired at $0.00) and 14,106 restricted stock units (RSUs) were granted (derivative award, $0.00 price).
- To cover tax withholding, 455 shares were disposed of at $14.83 each for proceeds of $6,748. The awards were earned under Conagra’s fiscal 2024–2026 long-term incentive plan.
Key Details
- Transaction date: 2026-07-22; Form 4 filed 2026-07-24 (appears timely).
- Grant/award(s): 1,025 shares acquired at $0.00 and 14,106 RSUs granted at $0.00.
- Sale/withholding: 455 shares withheld for taxes at $14.83, proceeds $6,748 (code F — tax withholding).
- Shares owned after transaction: not specified in the supplied filing data.
- Footnotes: F1 — awards earned under the FY2024–2026 LTIP and include dividend equivalents paid as additional shares; F2 — shares withheld to satisfy tax obligations; F3 — each RSU equals a contingent right to one share on settlement; F4 — RSU vesting schedule: 33.33% on 7/22/2027, 33.33% on 7/22/2028, 33.34% on 7/22/2029.
- Transaction codes: A = Award/Grant, F = Payment of exercise price or tax liability (withholding).
Context
- This filing reflects an equity award (non-purchase) and routine tax withholding. RSUs are contingent and will convert to shares only as they vest per the schedule above. The small withholding sale is a common administrative step and not necessarily a market-timing signal.