Company: LW
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001679273-25-000060
Chunk: 72

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 72
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#### How We Make Executive Compensation Decisions
Role of the Board, Compensation Committee and Our Executive Officers

The Compensation Committee is charged with designing and approving our executive compensation program and setting compensation opportunities for NEOs. In setting the compensation of the Chief Executive Officer, the Compensation Committee takes into account the Board’s review of the Chief Executive Officer’s performance. In setting the compensation of our other executive officers, the Compensation Committee takes into account the Chief Executive Officer’s review of each executive officer’s performance and recommendations on their compensation.

In determining the fiscal 2025 mix of compensation elements and executive compensation levels for each NEO, the Compensation Committee evaluated the following items:

• each NEO’s performance and experience and importance of the role;

• how each NEO’s pay opportunity compares to pay opportunities of similar positions at peer companies;

• Company performance and strategy;

• executive compensation practices at peer companies; and

• input from the Compensation Committee’s independent compensation consultant.

The Compensation Committee reviewed Company performance, market data, strategy and individual performance and experience and determined not to make any adjustments to the NEOs' compensation. However, in January 2025, in accordance with the Company's long-standing succession planning, Mr. Smith was promoted to President and Chief Executive Officer. In recognition of his expanded role and responsibilities, the Compensation Committee approved an increase to Mr. Smith’s target compensation opportunity. At that time, Mr. Werner, our former President and Chief Executive Officer, transitioned to an advisory role, and his compensation was reduced.

#### Guidance from Independent Compensation Consultant
The Compensation Committee engages Frederic W. Cook & Co., Inc. (“F.W. Cook”), an independent compensation consultant, to assist in benchmarking compensation for the NEOs. In addition, with the assistance of F.W. Cook, the Compensation Committee undertook a risk review of our compensation programs for all employees. The Compensation Committee reviewed F.W. Cook’s independence under SEC and NYSE rules and determined that there was no conflict of interest. Please see “Board Committees and Membership—Compensation and Human Capital Committee—Compensation Consultant to the Committee” above for further detail about the Compensation Committee’s engagement of F.W. Cook.

#### Inputs to Setting Compensation Opportunity
The Compensation Committee takes into consideration several factors when determining the compensation opportunity for the NEOs, including each NEO’s individual performance and experience, the importance of the role, and internal and competitive market data. The Compensation Committee uses the median of available peer group proxy data, or survey data where proxy data is not readily