Company: CAG
Filing Date: 2025-08-06
Form Type: DEF 14A
Source: 0000023217-25-000054
Chunk: 71

Company: CONAGRA BRANDS INC.
Filing Date: 2025-08-06
Form: DEF 14A
Chunk 71
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 which the change of control occurs | Lump sum equal to 3x (CEO’s) or 2x (other NEOs’) the higher of (a) the individual’s target percentage of their current Eligible Earnings for the fiscal year or (b) the highest AIP for the prior 3 fiscal years                                                                                                                                                                                                                                                      |                           |                                                                                        |
| Stock Options                  |                                                                                                                                                | Accelerate vesting; vested options remain exercisable for 90 days (or earlier expiration)                                                                                                                                                                                                                                                                                                                                                                             |                           |                                                                                        |
| RSUs                           |                                                                                                                                                | Accelerated vesting                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                           |                                                                                        |
| RSUs – Retention               |                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                           |                                                                                        |
| Performance Shares             |                                                                                                                                                | Continued vesting                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                           |                                                                                        |
| Performance Shares - Retention |                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                           |                                                                                        |
| Health and Welfare             
 Benefits                       | No additional benefits                                                                                                                         | Continuation for 2 years of medical, dental, disability, basic, and supplemental life insurance at the executive’s cost under the medical and dental plans​Supplemental benefit under Voluntary Deferred Comp Plan equal to 1x  the maximum Company contribution that the executive could have received under the Qualified CRISP and Voluntary Deferred Comp Plan in the year in which the change of control occurs.​Outplacement assistance not exceeding $30,000.​ |                           |                                                                                        |

CONAGRA BRANDS 2025 PROXY STATEMENT 69

EXECUTIVE COMPENSATION

Potential Payments Upon Termination of Employment and Change of Control Tables In the first table below, we summarize the estimated incremental amounts payable by the Company to each of our named executive officers upon termination under various hypothetical scenarios. The second table summarizes estimated incremental amounts payable upon a hypothetical change of control and upon termination following a change of control. We have not included amounts payable regardless of the occurrence of the relevant triggering event. We also excluded death benefits where the executive would pay the premium. For all named executive officers, no payments would be made in the event of involuntary termination with cause or voluntary termination without good reason (if not retirement eligible). The data in the tables assumes the following:

| ● | each triggering event occurred on May 25, 2025 (the last business day of fiscal 2025), and the per share price of our common stock was $22.40 (the closing price of our stock on the NYSE on May 23, 202