Company: LW
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001679273-25-000060
Chunk: 57

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 57
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 Plan Award Opportunity and Results

| Financial Metric      
 (dollars in millions) |     | Weight |    |   | Threshold    
 (25% payout) |       |     | Target        
 (100% payout) |       |     | Maximum       
 (200% payout) |       |     | Results |       |     | Approved 
 Payout % |   |   |
|:----------------------|:----|:-------|---:|:--|:-------------|------:|:----|:--------------|------:|:----|:--------------|------:|:----|:--------|------:|:----|:---------|--:|:--|
| Net sales             |     |        | 50 | % | $            | 6,650 |     | $             | 7,000 |     | $             | 7,350 |     | $       | 6,451 |     |          | 0 | % |
| Adjusted EBITDA       |     |        | 50 | % | $            | 1,348 |     | $             | 1,465 |     | $             | 1,612 |     | $       | 1,221 |     |          | 0 | % |

Final Approved Payout as a Percentage of Target Award Opportunity: 0%

At the time the Compensation Committee set the above AIP goals, they were deemed appropriately challenging; the target net sales and Adjusted EBITDA goals required 8.2% and 3.4% growth, respectively, over fiscal 2024 actual results.

Both our AIP and LTIP are designed to incentivize management and other employees by tying the payout to specific Company performance results. However, in order to be consistent with the Company’s earnings releases, account for material unplanned events, and prevent unusual gains and losses from significantly impacting incentive payouts, either negatively or positively, in a way that is not indicative of underlying business performance, the Compensation Committee approved certain pre-determined adjustments. These adjustments include, but are not limited to, the following types of categories:

• restructuring charges;

• revenue and expenses associated with acquisitions, dispositions, and integration related activities;

• material changes in business, operations, corporate or capital structure;

• impairments on tangible and intangible assets;

• results of discontinued operations;

• foreign exchange or hedge-related gains and losses;

• non-operating/non-cash gains and losses;

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