Company: CAG
Filing Date: 2025-08-06
Form Type: DEF 14A
Source: 0000023217-25-000054
Chunk: 37

Company: CONAGRA BRANDS INC.
Filing Date: 2025-08-06
Form: DEF 14A
Chunk 37
---
 took a 3-year cumulative approach to goal-setting reflecting a change from the year-over-year growth rate approach taken for grants made in fiscal 2023 and fiscal 2024.

46 CONAGRA BRANDS 2025 PROXY STATEMENT

COMPENSATION DISCUSSION AND ANALYSIS

Fiscal 2025 Pay Decisions and Outcomes BASE SALARIES We pay salaries to our named executive officers to provide them with a base level of fixed income for services rendered. For Mr. Connolly, 11% of his total compensation opportunity was provided in the form of base salary in fiscal 2025. On average, 20% of the total fiscal 2025 compensation opportunity for each named executive officer, other than the Chief Executive Officer, was provided in the form of base salary. In fiscal 2025, the Committee examined a variety of factors including roles and responsibilities, internal equity, peer compensation, market data, and individual, team, and Company performance when establishing target compensation opportunities for our NEOs for fiscal 2025. After considering those factors, including Mr. Connolly’s strong performance in fiscal 2024, the Committee increased Mr. Connolly’s salary for fiscal 2025 to $1,415,000 as of July 22, 2024, from $1,375,000. Similar adjustments were made to our other NEOs’ salaries, as detailed below. Mr. Eboli’s salary increased 12% based on consideration of his fiscal 2024 performance, his vital role in sustaining supply chain stability in a challenging environment and competitive benchmarking. Additionally, Ms. O’Mara’s base salary was determined in May 2024 upon her hire based on the breadth, scope, and complexity of her role and responsibilities, internal equity, and benchmark data regarding opportunities for similarly situated executives in our peer group. A summary of the salaries of our named executive officers is set forth below.**

| ​             | ​ |                            ​ | ​ | ​                         | ​ | ​                             | ​ |
| ​             |   |                            ​ |   | ​                         |   | Percent of Fiscal 2025 Target |   |
| ​             | ​ | Fiscal 2025 Base Salary Rate | ​ | Increase from Fiscal 2024 | ​ | Total Direct Compensation     |   |
| Name          | ​ |                           -$ | ​ | -%                        | ​ | -%                            |   |
| Mr. Connolly  |   |                    1,415,000 |