Company: CAG
Filing Date: 2025-08-06
Form Type: DEF 14A
Source: 0000023217-25-000054
Chunk: 70

Company: CONAGRA BRANDS INC.
Filing Date: 2025-08-06
Form: DEF 14A
Chunk 70
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 65 with no minimum service requirement. No named executive officer is currently eligible for “early retirement” which is achieved at age 55 following 10 years of service. |

| (2) | This lump sum benefit payable as a result of involuntary termination of his employment by the Company without cause is also payable to Mr. Connolly if he voluntarily terminates his employment for good reason, as defined in his letter agreement with the Company. |

| (3) | The RSU retention agreements with Messrs. Connolly and Marberger provide for continued vesting on a prorated basis upon retirement on or after the 2nd anniversary of the grant date. Mr. Connolly’s RSUs would continue to vest if his employment were terminated involuntarily by the Company without cause prior to the 2nd anniversary of the grant date and on a prorated basis if such termination occurred later. Ms. O’Mara’s sign-on award RSU agreements provide for forfeiture for any termination other than as a result of death or disability. |

| (4) | The retention Performance Shares agreements with Messrs. Connolly and Marberger provide for continued vesting on a prorated basis upon retirement on or after the 2nd anniversary of the grant date. Ms. O’Mara’s sign-on award Performance Shares agreement provides for forfeiture for any termination other than as a result of death or disability. |

Summary of Possible CHANGE OF CONTROL Payments and Benefits As noted above, benefits that become payable to our named executive officers in connection with different possible termination scenarios may be different if that termination occurs within the three years following a change of control. The chart below summarizes those benefits.

| Compensation Element           | Change of Control Without Termination                                                                                                          | Termination EventWithin 3 years after a Change of Control                                                                                                                                                                                                                                                                                                                                                                                                             |                           |                                                                                        |
|                                |                                                                                                                                                | Voluntary with Good Reason                                                                                                                                                                                                                                                                                                                                                                                                                                            | Involuntary without Cause | Involuntary with Cause, Voluntary without Good Reason, Death or Disability, Retirement |
| Salary                         | No additional payment                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                           | See above                                                                              |
| Severance Pay Plan             | No payment                                                                                                                                     | Lump sum equal to 3x (CEO’s) or 2x (other NEOs’) annual salary                                                                                                                                                                                                                                                                                                                                                                                                        |                           |                                                                                        |
| Annual                         
 Incentive Plan                 | Discretionary payment equal to: all or a portion of NEO’s short- and/or long-term incentive for the year in