Lamb Weston grants $19.6M in one-time equity awards to executives under retention program

Lamb Weston Holdings, Inc.

CEO Thomas Werner receives total target value of $10.5M; other NEOs receive $1.8M to $2.7M.
Awards split equally between leveraged performance units (LPUs) and stock options.
LPUs vest based on stock price appreciation over FY2023-2025: 50% target at 25%, 100% at 50%, 300% at 75%+; capped at 8x target.
Stock options vest 33/33/34% over three anniversaries; term of 7 years.
Total target value for all NEOs is $19.6M; grants effective July 29, 2022.

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