Company: CAG
Filing Date: 2025-08-06
Form Type: DEF 14A
Source: 0000023217-25-000054
Chunk: 73

Company: CONAGRA BRANDS INC.
Filing Date: 2025-08-06
Form: DEF 14A
Chunk 73
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 |   | —              | ​ |                       55,167 |
| ​             |   | Death/Disability Benefits           |   | —              | ​ |                        6,903 |
| ​             |   | Outplacement and Transition Expense |   | —              | ​ |                       30,000 |
| ​             |   | Qualified and Nonqualified Benefit  |   | —              | ​ |                       96,002 |
| ​             |   | Total                               |   | —              | ​ |                    6,946,748 |

72CONAGRA BRANDS 2025 PROXY STATEMENT

EXECUTIVE COMPENSATION

CEO Pay Ratio For fiscal 2025, the ratio of the annual total compensation of our CEO, Mr. Connolly (CEO Compensation), to the median of the annual total compensation of all our consolidated subsidiary employees other than Mr. Connolly (Median Annual Compensation), was 203 to 1. For purposes of this pay ratio disclosure, CEO Compensation was determined to be $13,140,480 which represents the total compensation reported for Mr. Connolly under the “Summary Compensation Table—Fiscal 2025.” Median Annual Compensation for the identified median employee was determined to be $64,614. MEDIAN EMPLOYEE METHODOLOGY Solely for the purpose of this disclosure, we identified our “median employee” by examining our total employee population as of March 7, 2025 (Determination Date). We included all full-time, part-time, seasonal, and temporary employees of Conagra Brands and our consolidated subsidiaries. We excluded independent contractors and “leased” workers. Our analysis identified 18,300 individuals as of the Determination Date. The median employee at Conagra Brands is employed in a manufacturing facility in the United States and has a job function of Operator. Additional information on the employee population at Conagra includes the following as of the Determination Date:

| ● | 92.6% employed in the United States; 7.4% in international locations |

| ● | 96.7% employed full time, 0.2% employed part time, 3.0% employed seasonally/temporarily |

| ● | 84.0% based in manufacturing facilities |

MEDIAN ANNUAL COMPENSATION METHODOLOGY To determine Median Annual Compensation, we generally reviewed compensation for the period beginning on March 9, 2024 and ending on March 7, 2025. As permitted by applicable SEC rules, we