Company: CAG
Filing Date: 2025-08-06
Form Type: DEF 14A
Source: 0000023217-25-000054
Chunk: 42

Company: CONAGRA BRANDS INC.
Filing Date: 2025-08-06
Form: DEF 14A
Chunk 42
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 executive officer should be compensated under the fiscal 2025 AIP as detailed in the chart below. Individual payouts were based on the 74.3% program payout level calculated based on the financial metrics with no adjustment for the individual performance modifier which was applied consistently at 100%.

| ​                       | ​ |                ​ | ​ | ​                   | ​ | ​                   | ​ |                 ​ | ​ |
| ​                       |   | Target AIP Award | ​ | Performance Results |   | Individual Modifier | ​ | Actual AIP Payout |   |
| Named Executive Officer | ​ |               -$ | ​ | -%                  | ​ | -%                  | ​ |                -$ |   |
| Mr. Connolly            |   |       $2,535,923 | x | 74.3%               | x | 100%                | = |        $1,884,191 | ​ |
| Mr. Marberger           |   |         $830,385 | x | 74.3%               | x | 100%                | = |          $616,976 | ​ |
| Ms. O'Mara              |   |         $540,000 | x | 74.3%               | x | 100%                | = |          $401,220 | ​ |
| Mr. McGough             |   |         $830,385 | x | 74.3%               | x | 100%                | = |          $616,976 | ​ |
| Mr. Eboli               |   |         $575,308 | x | 74.3%               | x | 100%                | = |          $427,454 | ​ |

CONAGRA BRANDS 2025 PROXY STATEMENT 49

COMPENSATION DISCUSSION AND ANALYSIS

LONG-TERM INCENTIVE PLAN OVERVIEW The Committee firmly believes in aligning the interests of our senior leaders with those of our shareholders. The significant extent to which equity is included in our named executive officers’ compensation opportunity evidences this belief. For fiscal 2025, our annual LTI plan was intended to:

| ● | provide variable, competitive compensation based on long-term Company performance |

| ● | incent and reward leaders who have the greatest ability to drive long-term Company success |

| ● | reward participants for desired results that align with shareholder value creation |

| The Committee annually establishes a target long-term incentive grant value for each named executive officer using a value-based approach