Company: LW
Filing Date: 2025-08-07
Form Type: ARS
Source: 0001679273-25-000063
Chunk: 130

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-08-07
Form: ARS
Chunk 130
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 . . . . . . . . . . . 640,481 58.16 221,953 54.56 Performance condition adjustment . . . . . . . . . . . . . . . . . . . . . . . . 0 — (20,002) 67.38 Vested (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (538,997) 78.34 (73,254) 69.02 Forfeited/expired/cancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (173,941) 70.79 (55,537) 72.44 Outstanding at May 25, 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 902,234 $ 67.86 514,222 $ 80.13 _____________________________________________________ (a) Granted represents new grants and dividend equivalents accrued. Dividend equivalents are only paid on RSUs and Performance Shares that ultimately vest. (b) The aggregate fair value of awards that vested in fiscal 2025, 2024, and 2023 was $37.7 million, $44.3 million, and $20.8 million, respectively, which represents the market value of our common stock on the date that the RSUs and Performance Shares vested. The number of RSUs and Performance Shares vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements. RSUs that are expected to vest are net of estimated future forfeitures. Stock Options Under some circumstances, we have granted options to employees and non-employee directors to purchase shares of our common stock at exercise prices equal to the fair market value of the underlying common stock on the grant date. Options granted to employees generally become exercisable in three annual installments beginning on the first anniversary of the grant date and have a maximum term of seven years. Options granted to non-employee directors generally vest one year after the grant date and have a term of ten years. During the fiscal year ended May 25, 2025, we granted an immaterial amount of stock options. The following