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Lamb Weston Announces Inducement Award Under NYSE Listing Rule 303A.08
Businesswire· 2026-02-06 22:48
Group 1 - Lamb Weston Holdings, Inc. granted 317,647 restricted stock units and options covering an aggregate of 1,117,346 shares to Jan Craps as part of his hiring as Executive Chair on February 6, 2026 [1] - The grant includes 300,000 restricted stock units as a one-for-one match on Mr. Craps' personal investment in Lamb Weston shares, with vesting scheduled for February 6, 2029 [1] - The options consist of 750,000 shares with an exercise price of $50.12, 128,571 shares at $60.00, 128,571 shares at $75.00, and 110,204 shares at $85.00, expiring on February 6, 2031 [1] Group 2 - The awards were granted under the employment inducement exemption of the NYSE's Listed Company Manual Rule 303A.08, necessitating public announcement [2] - Lamb Weston is a leading supplier of frozen potato products, known for innovation and simplifying back-of-house management for customers [3] - The company has been in the industry for 75 years, focusing on customer partnerships and product possibilities [3]