Company: LW
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001679273-25-000060
Chunk: 87

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 87
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 due to disability.

• Termination due to death. All unvested RSUs would automatically become vested.

• Termination due to normal retirement. All unvested RSUs would automatically become vested if the retirement occurred at least one year from the date of grant.

• Change of control. Our RSU agreements with our NEOs provide for “double-trigger” vesting, which would require both a change of control event and a qualifying termination of employment (or a failure of the surviving company to provide a replacement award) to trigger vesting.

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#### Retirement Benefits
Each of the Non-Qualified Pension and LW Voluntary Deferred Comp Plan contains provisions relating to the termination of the participant’s employment, as applicable. These payments are described more fully in the disclosure provided in connection with the “Pension Benefits—Fiscal 2025” and “Non-Qualified Deferred Compensation—Fiscal 2025” sections of this Proxy Statement.

#### Summary of Possible Benefits
The table below summarizes estimated incremental amounts that would have been payable upon a termination of employment of each of our NEOs who were employed at the end of fiscal 2025, under various hypothetical termination and change of control scenarios. The table below excludes accumulated balances in retirement plans when a terminating event would have done nothing more than create a right to a payment of the balance and death benefits where the individual paid the premium.

The data in the table assumes the following:

• each triggering event occurred on May 23, 2025 (the last business day of fiscal 2025), and the per share price of Lamb Weston common stock was $50.56 (the closing price of Lamb Weston stock on the NYSE on May 23, 2025, the last trading day of fiscal 2025);

• with respect to the AIP, awards were earned at the level corresponding to fiscal year 2025 performance in accordance with previously established performance targets as described in the “Compensation Discussion and Analysis” section above, and where our Compensation Committee had discretionary authority to award a payout, except in the cases of a change of control, involuntary termination with cause and voluntary termination without good reason, it exercised that authority;

• with respect to Lamb Weston PSAs and LPUs:

◦ PSAs granted on July 29, 2022 for the fiscal 2023 to fiscal 2025 performance period were earned at 116.7% of target (these amounts also include a cash value of dividend equivalents on the number of