Company: LW
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001679273-25-000060
Chunk: 73

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 73
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 available, as the market reference point for base salaries, annual incentive opportunities, long-term incentive opportunities and total direct compensation levels. When setting individual NEO pay opportunities, market data is one of many factors considered by the Compensation Committee.

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#### Fiscal 2025 Peer Group
The Compensation Committee utilized the following peer group to inform fiscal 2025 pay decisions:

| •Conagra Brands, Inc.     
 •Flowers Foods, Inc.      
 •Hormel Foods Corporation 
 •Ingredion Incorporated   
 •Kellanova                |     | •McCormick & Company, Incorporated 
 •Post Holdings, Inc.               
 •The Campbell's Company            
 •The Hain Celestial Group, Inc.    |     | •The Hershey Company       
 •The J. M. Smucker Company 
 •The Marzetti Company      
 •TreeHouse Foods, Inc.     |

During fiscal 2025, the Compensation Committee, with support from F.W. Cook, reviewed the peer group to ensure continued appropriateness for Lamb Weston using the following selection criteria:

• similar size based on revenue, enterprise value and market capitalization;

• similar industry and/or business characteristics; and

• competitors for executive talent.

Based on its review of the peer group, the Compensation Committee approved changes to the group in September 2024. To better position the Company near the median in market capitalization, the Compensation Committee removed Kellanova due to its acquisition by Mars, Incorporated, and added BellRing Brands, Inc., Molson Coors Beverage Company and WK Kellogg Co. The Compensation Committee utilized the following peer group to inform fiscal 2026 pay decisions:

#### Fiscal 2026 Peer Group
| •BellRing Brands, Inc.    
 •Conagra Brands, Inc.     
 •Flowers Foods, Inc.      
 •Hormel Foods Corporation 
 •Ingredion Incorporated   |     | •McCormick & Company Incorporated 
 •Molson Coors Beverage Company    
 •Post Holdings, Inc.              
 •The Campbell's Company           
 •The Hain Celestial Group, Inc.   |     | •The Hershey Company       
 •The J. M. Smucker Company 
 •The Marzetti Company      
 •TreeHouse Foods, Inc.     
 •WK Kellogg Co             |

| Compensation Committee Report for the Year Ended May 25, 2025                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 The Compensation Committee oversees our compensation programs on behalf of the Board. In fulfilling its oversight responsibilities, the