Company: CAG
Filing Date: 2025-08-06
Form Type: DEF 14A
Source: 0000023217-25-000054
Chunk: 40

Company: CONAGRA BRANDS INC.
Filing Date: 2025-08-06
Form: DEF 14A
Chunk 40
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 for the named executive officers by the Committee based on achievement of the Adjusted Operating Profit, Adjusted Net Sales, and Adjusted Free Cash Flow goals approved for the fiscal 2025 AIP. No portion of the incentive was guaranteed.

| ​                       | ​ | ​                   | ​ | ​                 | ​ | ​                 | ​ |
| ​                       |   | Threshold AIP Award |   | Target AIP Award  |   | Maximum AIP Award |   |
| ​                       | ​ | (as % of Eligible   | ​ | (as % of Eligible | ​ | (as % of Eligible |   |
| Named Executive Officer | ​ | Earnings)           | ​ | Earnings)         | ​ | Earnings)         |   |
| Mr. Connolly            |   | 45%                 | ​ | 180%              | ​ | 360%              | ​ |
| Mr. Marberger           |   | 25%                 | ​ | 100%              | ​ | 200%              | ​ |
| Ms. O'Mara              |   | 23%                 | ​ | 90%               | ​ | 180%              | ​ |
| Mr. McGough             |   | 25%                 | ​ | 100%              | ​ | 200%              | ​ |
| Mr. Eboli               |   | 23%                 | ​ | 90%               | ​ | 180%              | ​ |

Ms. O’Mara’s AIP award opportunity was determined 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. AIP award opportunities for Mr. Connolly and all other NEOs, as percentages of Eligible Earnings, remained unchanged from fiscal 2024 to fiscal 2025. Please see the information above for a discussion of the factors the Committee considered when determining the individual target AIP award opportunities. Fiscal 2025 Results To incentivize management to make decisions that have positive long-term impacts, even at the expense of shorter-term results, and to prevent unusual gains and losses from having too great of an impact on plan payouts in any year, the Committee identified certain items to be excluded from the calculations of our incentive compensation performance metrics such as the impact of major business changes such as acquisitions, divestitures, and restructuring events to provide more consistent year-over-year comparison.