Lamb Weston enters separation agreement with departing CFO Madarieta; $1.5M severance

Lamb Weston Holdings, Inc.

Madarieta to serve as CFO through April 1, 2026, then as special advisor until April 30, 2026.
Severance payment of $1.5 million payable in 18 monthly installments plus 18 months of medical coverage.
Prorated vesting of fiscal 2024, 2025, 2026 equity awards; performance shares subject to committee certification.
Non-compete and non-solicitation restrictions apply for one year after separation date.
Outstanding stock options remain exercisable until third anniversary of separation.

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