Company: LW
Filing Date: 2025-04-03
Form Type: 10-Q
Source: 0001679273-25-000026
Chunk: 4

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-04-03
Form: 10-Q
Item: Part I, Item 4
Chunk 4
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ITEM 1. LEGAL PROCEEDINGS

See Note 14, Commitments, Contingencies, Guarantees and Legal Proceedings, of the Condensed Notes to Consolidated Financial Statements in “Part I, Item 1. Financial Statements” of this report for information regarding our legal proceedings.

ITEM 1A. RISK FACTORS

We are subject to various risks and uncertainties in the course of our business. The discussion of these risks and uncertainties may be found under “Part I, Item 1A. Risk Factors” in the Form 10-K. There have been no material changes to the risk factors discussed in the Form 10-K.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Total shares of Lamb Weston common stock purchased by the Company during the thirteen weeks ended February 23, 2025 were as follows:

PeriodTotal Numberof Shares (orUnits)Purchased (a)AveragePrice PaidPer Share(or Unit)Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs (b)Approximate DollarValue of MaximumNumber of Shares thatMay Yet be PurchasedUnder Plans or Programs(in millions) (b)November 25, 2024 through December 22, 2024233 $80.30 —$558 December 23, 2024 through January 19, 20251,565,957 $64.14 1,559,369$458 January 20, 2025 through February 23, 20257,637 $58.92 —$458 Total1,573,827 

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(a)Represents shares withheld from employees to cover income and payroll taxes on equity awards that vested during the period.

(b)On December 19, 2024, we announced that the Board of Directors (the “Board”) increased our total share repurchase authorization under our existing $500 million share repurchase program by $250 million to an aggregate amount of $750 million. As of February 23, 2025 approximately $458 million remained authorized and available for repurchase under the program. The program has no expiration date. Repurchases under our share repurchase program may be made at our discretion from time to time on the open market, subject to applicable laws, including pursuant to a repurchase plan administered in accordance with Rule 10b5-1 under the Exchange Act, or through