Conagra SVP Melissa Napier Receives RSU Shares, Withholds 1,196 for Taxes

What Happened

• Melissa C. Napier, SVP & Corporate Controller at Conagra Brands (CAG), had 2,698 restricted stock units (RSUs convert/vest) settle into 2,698 shares on July 24, 2026. The RSU conversion shows $0 exercise price (code M). To cover tax withholding, 1,196 of those shares were disposed (withheld) at an imputed value of $14.77 per share, totaling $17,665 (code F).

Key Details

• Transaction date: 2026-07-24; Form 4 filed: 2026-07-28 (timely).
• Shares acquired via RSU conversion: 2,698 at $0.00 (code M).
• Shares disposed for tax withholding: 1,196 at $14.77, value $17,665 (code F).
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 — RSUs were originally granted July 24, 2024 and vest 33.33% on July 24, 2025 and July 24, 2026, with the remainder vesting July 24, 2027; each RSU converts to one share. F2 — the 1,196 shares were withheld to satisfy tax withholding obligations.
• Filing timeliness: Filed 4 days after the transaction (July 28) — within the Form 4 two-business-day requirement (timely).

Context

• This was an RSU vesting/settlement, not a market purchase. The withholding of shares to cover taxes is a routine administrative step (cashless settlement) and does not necessarily indicate a buy or sell decision about the company's stock. For clarity: code M indicates conversion/settlement of derivatives/RSUs; code F indicates shares withheld to cover tax obligations.