Conagra Brands (CAG) executive compensation, 2025 proxy

Sean Connolly, President and Chief Executive Officer, was paid $13.1M in fiscal 2025, down 45% from $24M the year before. The CEO-to-median-employee pay ratio was 203:1, on median employee pay of $64,614.

Filed
August 6, 2025
Annual meeting
September 17, 2025
Pay year
fiscal 2025
Named executives
5
CEO total pay
$13.1M-45% vs prior year
CEO to median employee
203:1median $64,614
CEO pay in equity
71%$9.3M in awards
CEO pay at risk
89%
Other NEO pay at risk
80%
Annual Incentive Plan payout
74.3%Below target
Performance Shares payout
70.1%Fiscal 2023–2025
Maximum Connolly performance shares
$11,538,502Fiscal 2025–2027 awards

How Connolly was paid

$13.1M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary11%Stock awards71%Non-equity incentive14%All other compensation4%

Named executive officers

ExecutiveTotal
Sean ConnollyPresident and Chief Executive Officer$13,140,480
Dave MarbergerExecutive Vice President and Chief Financial Officer$4,084,894
Noelle O'MaraExecutive Vice President and President, New Platforms and Acquisitions$5,683,271
Thomas McGoughExecutive Vice President and Co-Chief Operating Officer$4,078,863
Alexandre EboliExecutive Vice President and Chief Supply Chain Officer$3,557,425

What changed and why

  • $13.1M$13,140,480: CEO Summary Compensation Table total compensation for fiscal 2025.
  • 117%117% less: CEO compensation actually paid than Summary Compensation Table compensation.
  • 89%89%: CEO compensation was at risk, compared with 80% for other named executives.
  • 74.3%74.3%: Annual Incentive Plan payout, below target.
  • 70.1%70.1%: Fiscal 2023–2025 Performance Shares payout, below target.
  • Fiscal 2025 changes replaced annual performance-share growth goals with three-year cumulative measurement and added a relative TSR modifier.

Other Conagra Brands proxy statements

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.