Company: CAG
Filing Date: 2025-08-06
Form Type: DEF 14A
Source: 0000023217-25-000054
Chunk: 69

Company: CONAGRA BRANDS INC.
Filing Date: 2025-08-06
Form: DEF 14A
Chunk 69
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 offering excise tax gross-ups in the future is inappropriate relative to best executive pay practices. Each change of control agreement terminates, in the absence of a change of control, when the executive’s employment as our full-time employee is terminated or the executive enters into a written separation agreement with us. In addition, we may unilaterally terminate each agreement prior to a change of control following six months’ prior written notice to the executive. Incentive and Welfare Plans Our annual incentive plans, stock plans, deferred compensation plans, and welfare plans contain provisions specifying the consequences of a termination of employment. Additionally, our Clawback Policies and specific agreements with our NEOs, described above, may contain additional provisions related to termination of employment.

CONAGRA BRANDS 2025 PROXY STATEMENT 67

EXECUTIVE COMPENSATION

Summary of Possible Payments and Benefits The chart below summarizes benefits that become payable to our named executive officers in connection with different possible termination scenarios under the terms of our agreements with them and our benefit plans.

| ​                                 | Termination Event                                             |                                                                                                          |                                                                                                                                                                                                                |                                                                                                                                       |                                                                                                                                                                                                                                            |
| Compensation                      
 Element                           | Involuntary                                                   
 with Cause                                                    | Voluntary (with or without Good Reason)                                                                  | Death or Disability                                                                                                                                                                                            | Retirement(1)                                                                                                                         | Involuntary without Cause                                                                                                                                                                                                                  |
| Salary                            | CEO: Paid through month of termination                        |                                                                                                          |                                                                                                                                                                                                                |                                                                                                                                       |                                                                                                                                                                                                                                            |
| Severance Pay Plan                | No payment(2)                                                 |                                                                                                          |                                                                                                                                                                                                                |                                                                                                                                       | CEO: Lump sum equal to 2x annual salary plus 2x target AIP for year of termination(2)​Other NEOs: 52 weeks of salary continuation, plus one additional week of salary continuation for each year of continuous service prior to separation |
| Annual                            
 Incentive Plan                    | No payment​                                                   |                                                                                                          | Prorated award for year of termination based on actual results​​​​​                                                                                                                                            |                                                                                                                                       | CEO: Prorated award for year of termination based on actual results​Other NEOs: Prorated award for year of termination based on actual results                                                                                             |
| Stock Options                     | Forfeiture of unvested options and vested unexercised options | Forfeiture of unvested options and vested options remain exercisable for 90 days (or earlier expiration) | Death: Accelerated vesting ​Disability: Accelerated vesting on a pr