Company: LW
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001679273-25-000060
Chunk: 56

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 56
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 |     | $                            |     |         — | $                            |   575,000 |
| Eryk J. Spytek          |     | $                            |     |   560,000 | $                            |   560,000 |
| Thomas P. Werner4       |     | $                            |     | 1,100,000 | $                            |   550,000 |
| Sharon L. Miller        |     | $                            |     |   625,000 | $                            |   625,000 |

1. Mr. Smith was promoted to Chief Executive Officer in January 2025. Fiscal 2025 base salary shown in the table above reflects his annual salary rate as of his promotion, and does not match the value shown in the Summary Compensation Table.

2. Mr. Schroeder’s cash compensation for both fiscal 2024 and fiscal 2025 is converted from Euros to USD throughout this Proxy Statement using a 1.14 exchange rate.

3. Ms. Wilks joined the Company as Chief Supply Chain Officer in August 2024. Fiscal 2025 base salary shown in the table above reflects an annualized value and does not match the value shown in the Summary Compensation Table.

4. Mr. Werner transitioned to an advisory role in January 2025. Base salary shown in the table above reflects his annual salary rate as of this transition date, and does not match the value shown in the Summary Compensation Table.

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Annual Cash Incentive Compensation (Annual Incentive Plan)

All NEOs participated in our fiscal 2025 AIP, which aligns annual cash compensation with achievement of the financial goals shown below. For fiscal 2025, the Compensation Committee approved two annual incentive financial measures in alignment with the Company’s growth strategy and annual financial objectives: net sales and Adjusted EBITDA. The Compensation Committee believes net sales and Adjusted EBITDA provide a balanced overall incentive to driving achievement of the Company’s strategic objectives. Annual incentives above target cannot be earned if top line growth is achieved without sufficient profitability, or if profit goals are achieved without sufficient net sales growth. The Compensation Committee believes all NEOs participating in the AIP should be tied to the same performance-based metrics and financial targets to promote a focused view on overall Company results. Appendix A to this Proxy Statement provides a reconciliation of Adjusted EBITDA, a non-GAAP financial measure, to net income.

Fiscal 2025 Annual Incentive