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Pay vs Performance Disclosure
12 Months Ended
May 25, 2025
USD ($)
$ / shares
May 26, 2024
USD ($)
$ / shares
May 28, 2023
USD ($)
$ / shares
May 29, 2022
USD ($)
$ / shares
May 30, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

The PEO and NEOs included in the below compensation columns reflect the following:

Fiscal Year

 

PEO

 

NEOs

2025

 

Sean Connolly

 

Dave Marberger, Noelle O’Mara, Tom McGough, Alexandre Eboli

2024

 

Sean Connolly

 

Dave Marberger, Tom McGough, Darren Serrao, Alexandre Eboli

2023

 

Sean Connolly

 

Dave Marberger, Tom McGough, Darren Serrao, Charisse Brock

2022

 

Sean Connolly

 

Dave Marberger, Tom McGough, Darren Serrao, Alexandre Eboli

2021

 

Sean Connolly

 

Dave Marberger, Tom McGough, Darren Serrao, Colleen Batcheler

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

    

​

    

​

    

​

    

​

    

​

    

​

​

​

​

​

​

​

Average

​

Average

​

Value of Initial Fixed $100

​

​

​

​

​

​

Summary

​

​

​

Summary

​

Compensation

​

Investment Based On:

​

​

​

Company

​

​

Compensation

​

Compensation

​

Compensation

​

Actually Paid

​

Total Shareholder

​

TSR (S&P 500

​

Net

​

Selected

​

​

Table Total for

​

Actually Paid

​

Table Total for

​

to Non-PEO

​

Return (TSR),

​

Packaged

​

Income

​

Measure:

Fiscal

​

PEO(1)

​

to PEO(2)

 

Non-PEO NEOs(3)

 

NEOs(4)

​

Conagra

​

Foods Index)

​

($in

 

Adj. EPS(5)

Year

​

($)

​

($)

 

($)

​

($)

​

($)

​

($)

​

millions)

 

($)

2025

 

13,140,480

​

(2,249,801)

​

4,351,113

​

1,208,320

​

78.60

​

113.33

​

1,152.5

​

2.02

2024

 

24,030,226

​

7,319,776

​

4,304,712

​

1,400,454

​

100.95

​

123.88

​

347.7

​

2.67

2023

​

18,720,100

​

31,185,315

​

4,441,115

​

6,840,948

​

110.86

​

137.44

​

683.2

​

2.77

2022

​

11,947,054

​

(896,941)

​

3,114,508

​

635,033

​

101.71

​

124.42

​

888.2

​

2.41

2021

 

11,770,023

​

24,526,984

​

3,160,545

​

5,554,173

​

112.71

​

118.79

​

1,300.9

​

2.66

​

(1)

The amounts reported in this column reflect the total compensation reported for Conagra Brands’ principal executive officer (PEO), Mr. Connolly, for each corresponding year in the “Total” column of the Summary Compensation Table (Total compensation). Refer to “Executive Compensation—Summary Compensation Table—Fiscal 2025” above.

(2)

The amounts reported in this column represent the compensation actually paid (or CAP) to Mr. Connolly in accordance with Item 402(v) of Regulation S-K. The amounts do not reflect the actual amount of compensation earned or paid to Mr. Connolly during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments shown in the first table following footnote 4 below were made to Mr. Connolly’s Total compensation for each year to determine the CAP.

(3)

The amounts reported in this column reflect the average Total compensation reported for the non-PEO NEOs for each corresponding year in the “Total” column of the Summary Compensation Table. “Executive Compensation—Summary Compensation Table—Fiscal 2025” above.

(4)

The amounts reported in this column represent the average of CAP for the non-PEO NEOs in accordance with Item 402(v) of Regulation S-K. The amounts do not reflect the actual amount of compensation earned or paid to such non-PEO NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments shown in the second table below were made to the average Total compensation for the non-PEO NEOs for each year to determine the CAP.

(5)

Adjusted EPS, our Company-Selected Measure, has been selected by the Committee to be the 70% weighted metric for our fiscal 2025 to 2027 Performance Shares as a financial metric that is aligned with the Company’s strategic plan. EPS is our earnings per share, adjusted pursuant to pre-established guidelines approved by the Committee as described in “Other Compensation Policies, Programs, and Practices—Use of Adjustments in Incentive Programs” in the “Compensation Discussion and Analysis” above.

       
Company Selected Measure Name Adjusted EPS        
Named Executive Officers, Footnote The amounts reported in this column reflect the total compensation reported for Conagra Brands’ principal executive officer (PEO), Mr. Connolly, for each corresponding year in the “Total” column of the Summary Compensation Table (Total compensation). Refer to “Executive Compensation—Summary Compensation Table—Fiscal 2025” above.        
PEO Total Compensation Amount $ 13,140,480 $ 24,030,226 $ 18,720,100 $ 11,947,054 $ 11,770,023
PEO Actually Paid Compensation Amount $ (2,249,801) 7,319,776 31,185,315 (896,941) 24,526,984
Adjustment To PEO Compensation, Footnote

Adjustments for PEO:

​

​

​

​

​

​

​

​

​

​

    

Summary

    

​

    

​

    

​

​

​

Compensation Table

​

Value of Equity

​

Equity Award

​

Compensation

Fiscal

​

Total(1)

​

Stock Awards(a)

​

Adjustments(b)

​

Actually Paid

Year

​

($)

​

($)

​

($)

​

($)

2025

​

13,140,480

​

(9,274,089)

​

(6,116,192)

​

(2,249,801)

2024

 

24,030,226

​

(18,854,433)

​

2,143,983

​

7,319,776

2023

​

18,720,100

​

(14,444,447)

​

26,909,662

​

31,185,315

2022

​

11,947,054

​

(7,976,396)

​

(4,867,599)

​

(896,941)

2021

 

11,770,023

​

(7,722,276)

​

20,479,237

​

24,526,984

(a)

The reported value of equity awards represents the grant date fair value of equity awards as reported in the Stock Awards column in the Summary Compensation Table for the applicable year. The Company has not granted option awards since 2016.

(b)

The equity award adjustments for each applicable year include the addition (or subtraction) of the amount of change in fair value as of the end of the applicable year (from the end of the prior fiscal year) of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year. For awards granted in prior years that vest in the applicable year, the amount of change in fair value as of the vesting date (from the end of the prior fiscal year) is included. The dollar value of any dividends paid on stock awards in the applicable year of the vesting date that are not otherwise reflected in the fair value or included in any other component of total compensation for the applicable year is included. The RSU fair value was estimated by discounting the fair value of the RSUs based on the dividend yield. These adjustments are listed in the tables below.

​

Equity Award Adjustments for PEO:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

    

+ Fair Value as

    

+/- Year Over Year

    

- Fair Value at the

    

+ Value of Dividends

    

​

​

​

​

​

​

​

of Vesting

​

Change in Fair

​

 End of Prior

​

or Other Earnings

​

​

​

​

+ Year End

​

+/- Year Over

​

Date of

​

Value of Equity

​

Year of Equity

​

Paid on Stock or

​

​

​

​

Fair Value of

​

Year Change

​

Equity

​

Awards

​

Awards that

​

Option Awards Not

​

​

​

​

Equity

​

in Fair Value

​

Awards

​

Granted in

​

Failed to Meet

​

Otherwise

​

​

​

​

Awards

​

of Outstanding

​

Granted and

​

Prior Years that

​

Vesting

​

Reflected in Fair

​

Total Equity

​

​

Granted in

​

and Unvested

​

Vested in

​

Vested in

​

Conditions in

​

Value or Total

​

Award

Fiscal

​

the Year

​

Equity Awards

​

the Year

​

the Year

​

the Year

​

Compensation

​

Adjustments

Year

​

($)

​

($)

​

($)

​

($)

​

($)

​

($)

​

($)

2025

 

3,633,642

​

(10,871,004)

​

0

​

323,371

​

0

​

797,799

​

(6,116,192)

2024

 

14,078,130

​

(12,174,855)

​

0

​

(608,262)

​

0

​

848,970

​

2,143,983

2023

​

17,612,830

​

9,236,755

​

0

​

60,077

​

0

​

0

​

26,909,662

2022

​

7,782,827

​

(12,567,296)

​

0

​

(887,971)

​

0

​

804,841

​

(4,867,599)

2021

 

10,009,874

​

8,842,267

​

0

​

727,186

​

0

​

899,910

​

20,479,237

​

       
Non-PEO NEO Average Total Compensation Amount $ 4,351,113 4,304,712 4,441,115 3,114,508 3,160,545
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,208,320 1,400,454 6,840,948 635,033 5,554,173
Adjustment to Non-PEO NEO Compensation Footnote

Average Adjustments for Non-PEO NEOs:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

    

​

    

​

​

​

​

​

​

​

Summary

​

​

​

​

​

Change in Actuarial

​

Aggregate Service

​

​

​

​

Compensation Table

​

Value of Equity

​

Equity Award

​

Present Value

​

Cost for Pension

​

Compensation

​

​

Total(1)

​

Stock Awards(a)

​

Adjustments(b)

​

of Pension Benefits

​

Benefits

​

Actually Paid

Fiscal Year

​

($)

​

($)

​

($)

​

($)

​

($)

​

($)

2025

 

4,351,113

​

(2,943,547)

​

(198,449)

​

(797)

​

0

​

1,208,320

2024

 

4,304,712

​

(2,545,927)

​

(355,104)

​

(3,227)

​

0

​

1,400,454

2023

​

4,441,115

​

(2,994,018)

​

5,393,851

​

0

​

0

​

6,840,948

2022

​

3,114,508

​

(1,641,750)

​

(837,725)

​

0

​

0

​

635,033

2021

 

3,160,545

​

(1,594,274)

​

3,987,902

​

0

​

0

​

5,554,173

​

(a)

The reported value of equity awards represents the grant date fair value of equity awards as reported in the Stock Awards column in the Summary Compensation Table for the applicable year. The Company has not granted option awards since 2016.

(b)

The equity award adjustments for each applicable year include the addition (or subtraction) of the amount of change in fair value as of the end of the applicable year (from the end of the prior fiscal year) of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year. For awards granted in prior years that vest in the applicable year, the amount of change in fair value as of the vesting date (from the end of the prior fiscal year) is included. The dollar value of any dividends paid on stock awards in the applicable year of the vesting date that are not otherwise reflected in the fair value or included in any other component of total compensation for the applicable year is included. The RSU fair value was estimated by discounting the fair value of the RSUs based on the dividend yield. These adjustments are listed in the tables below.

Average Equity Award Adjustments for Non-PEO NEOs:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

    

​

    

+/- Year Over

    

​

    

​

    

​

​

​

​

​

​

​

+ Fair Value as

​

Year Change

​

- Fair Value at the

​

+ Value of Dividends

​

​

​

​

​

​

​

​

of Vesting

​

in Fair

​

End of Prior

​

or Other Earnings

​

​

​

​

​

​

+/- Year Over

​

Date of

​

Value of Equity

​

Year of Equity

​

Paid on Stock or

​

​

​

​

+ Year End

​

Year Change

​

Equity

​

Awards

​

Awards that

​

Option Awards

​

​

​

​

Fair Value of

​

in Fair Value

​

Awards

​

Granted in

​

Failed to Meet

​

Not Otherwise

​

​

​

​

Equity Awards

​

of Outstanding

​

Granted and

​

Prior Years that

​

Vesting

​

Reflected in Fair

​

Total Equity

​

​

Granted in

​

and Unvested

​

Vested in

​

Vested in

​

Conditions in

​

Value or Total

​

Award

Fiscal

​

the Year

​

Equity Awards

​

the Year

​

the Year

​

the Year

​

Compensation

​

Adjustments

Year

​

($)

​

($)

​

($)

​

($)

​

($)

​

($)

​

($)

2025

​

1,332,089

​

(1,752,025)

​

0

​

63,597

​

0

​

157,890

​

(198,449)

2024

 

1,972,698

​

(2,378,717)

​

0

​

(124,344)

​

0

​

175,259

​

(355,104)

2023

​

3,650,755

​

1,731,832

​

0

​

11,264

​

0

​

0

​

5,393,851

2022

​

1,607,110

​

(2,428,521)

​

0

​

(174,172)

​

0

​

157,858

​

(837,725)

2021

 

2,066,549

​

1,556,684

​

0

​

165,328

​

0

​

199,341

​

3,987,902

       
Compensation Actually Paid vs. Total Shareholder Return

COMPENSATION ACTUALLY PAID VS TSR

Graphic

       
Compensation Actually Paid vs. Net Income

COMPENSATION ACTUALLY PAID VS NET INCOME

Graphic

       
Compensation Actually Paid vs. Company Selected Measure

COMPENSATION ACTUALLY PAID VS ADJ. EPS1

Graphic

(1)Adjusted EPS is an adjusted metric used for compensation purposes and calculated as described in “Other Compensation Policies, Programs, and Practices—Use of Adjustments in Incentive Programs” in the “Compensation Discussion and Analysis” above.
       
Total Shareholder Return Vs Peer Group

COMPENSATION ACTUALLY PAID VS TSR

Graphic

       
Tabular List, Table

As described in greater detail in “Compensation Discussion and Analysis,” our executive compensation program reflects our pay-for-performance philosophy. The metrics that we use for our executive awards are selected based on an objective of incentivizing our NEOs to increase the value for our shareholders. The most important financial performance measures we used to link executive compensation actually paid to our NEOs, for the most recently completed fiscal year, to our performance are as follows:

Financial Performance Measures

​

​

Adjusted EPS

​

​

Adjusted Net Sales

​

​

Adjusted Operating Profit

​

​

Adjusted Free Cash Flow

​

​

Total Shareholder Return

​

​

       
Total Shareholder Return Amount $ 78.6 100.95 110.86 101.71 112.71
Peer Group Total Shareholder Return Amount 113.33 123.88 137.44 124.42 118.79
Net Income (Loss) $ 1,152,500,000 $ 347,700,000 $ 683,200,000 $ 888,200,000 $ 1,300,900,000
Company Selected Measure Amount | $ / shares 2.02 2.67 2.77 2.41 2.66
PEO Name Sean Connolly        
Equity Awards Adjustments, Footnote

​

Equity Award Adjustments for PEO:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

    

+ Fair Value as

    

+/- Year Over Year

    

- Fair Value at the

    

+ Value of Dividends

    

​

​

​

​

​

​

​

of Vesting

​

Change in Fair

​

 End of Prior

​

or Other Earnings

​

​

​

​

+ Year End

​

+/- Year Over

​

Date of

​

Value of Equity

​

Year of Equity

​

Paid on Stock or

​

​

​

​

Fair Value of

​

Year Change

​

Equity

​

Awards

​

Awards that

​

Option Awards Not

​

​

​

​

Equity

​

in Fair Value

​

Awards

​

Granted in

​

Failed to Meet

​

Otherwise

​

​

​

​

Awards

​

of Outstanding

​

Granted and

​

Prior Years that

​

Vesting

​

Reflected in Fair

​

Total Equity

​

​

Granted in

​

and Unvested

​

Vested in

​

Vested in

​

Conditions in

​

Value or Total

​

Award

Fiscal

​

the Year

​

Equity Awards

​

the Year

​

the Year

​

the Year

​

Compensation

​

Adjustments

Year

​

($)

​

($)

​

($)

​

($)

​

($)

​

($)

​

($)

2025

 

3,633,642

​

(10,871,004)

​

0

​

323,371

​

0

​

797,799

​

(6,116,192)

2024

 

14,078,130

​

(12,174,855)

​

0

​

(608,262)

​

0

​

848,970

​

2,143,983

2023

​

17,612,830

​

9,236,755

​

0

​

60,077

​

0

​

0

​

26,909,662

2022

​

7,782,827

​

(12,567,296)

​

0

​

(887,971)

​

0

​

804,841

​

(4,867,599)

2021

 

10,009,874

​

8,842,267

​

0

​

727,186

​

0

​

899,910

​

20,479,237

​

Average Equity Award Adjustments for Non-PEO NEOs:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

    

​

    

+/- Year Over

    

​

    

​

    

​

​

​

​

​

​

​

+ Fair Value as

​

Year Change

​

- Fair Value at the

​

+ Value of Dividends

​

​

​

​

​

​

​

​

of Vesting

​

in Fair

​

End of Prior

​

or Other Earnings

​

​

​

​

​

​

+/- Year Over

​

Date of

​

Value of Equity

​

Year of Equity

​

Paid on Stock or

​

​

​

​

+ Year End

​

Year Change

​

Equity

​

Awards

​

Awards that

​

Option Awards

​

​

​

​

Fair Value of

​

in Fair Value

​

Awards

​

Granted in

​

Failed to Meet

​

Not Otherwise

​

​

​

​

Equity Awards

​

of Outstanding

​

Granted and

​

Prior Years that

​

Vesting

​

Reflected in Fair

​

Total Equity

​

​

Granted in

​

and Unvested

​

Vested in

​

Vested in

​

Conditions in

​

Value or Total

​

Award

Fiscal

​

the Year

​

Equity Awards

​

the Year

​

the Year

​

the Year

​

Compensation

​

Adjustments

Year

​

($)

​

($)

​

($)

​

($)

​

($)

​

($)

​

($)

2025

​

1,332,089

​

(1,752,025)

​

0

​

63,597

​

0

​

157,890

​

(198,449)

2024

 

1,972,698

​

(2,378,717)

​

0

​

(124,344)

​

0

​

175,259

​

(355,104)

2023

​

3,650,755

​

1,731,832

​

0

​

11,264

​

0

​

0

​

5,393,851

2022

​

1,607,110

​

(2,428,521)

​

0

​

(174,172)

​

0

​

157,858

​

(837,725)

2021

 

2,066,549

​

1,556,684

​

0

​

165,328

​

0

​

199,341

​

3,987,902

​

       
Percentage difference between reported compensation and compensation actually paid after adjustments 24.00%        
Company selected measure, weighted metric percentage 70.00%        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EPS        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted Net Sales        
Measure:: 3          
Pay vs Performance Disclosure          
Compensation Actually Paid vs. Other Measure

COMPENSATION ACTUALLY PAID VS ADJ. OPERATING PROFIT1

Graphic

(1)Adjusted Operating Profit is an adjusted metric used for compensation purposes and calculated as described in “Other Compensation Policies, Programs, and Practices—Use of Adjustments in Incentive Programs” in the “Compensation Discussion and Analysis” above.
       
Name Adjusted Operating Profit        
Measure:: 4          
Pay vs Performance Disclosure          
Name Adjusted Free Cash Flow        
Measure:: 5          
Pay vs Performance Disclosure          
Name Total Shareholder Return        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (9,274,089) $ (18,854,433) $ (14,444,447) $ (7,976,396) $ (7,722,276)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,116,192) 2,143,983 26,909,662 (4,867,599) 20,479,237
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,633,642 14,078,130 17,612,830 7,782,827 10,009,874
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (10,871,004) (12,174,855) 9,236,755 (12,567,296) 8,842,267
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 323,371 (608,262) 60,077 (887,971) 727,186
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 797,799 848,970 0 804,841 899,910
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (797) (3,227) 0 0 0
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,943,547) (2,545,927) (2,994,018) (1,641,750) (1,594,274)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (198,449) (355,104) 5,393,851 (837,725) 3,987,902
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,332,089 1,972,698 3,650,755 1,607,110 2,066,549
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,752,025) (2,378,717) 1,731,832 (2,428,521) 1,556,684
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 63,597 (124,344) 11,264 (174,172) 165,328
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 157,890 $ 175,259 $ 0 $ 157,858 $ 199,341