Lamb Weston Holdings Inc. has announced new compensation terms for Jan Eli B. Craps, who will become Executive Chair effective February 6, 2026. Mr. Craps will receive a target long-term incentive opportunity valued at approximately $3.15 million in restricted stock units (RSUs) vesting after three years. He will also receive a one-time supplemental incentive award of 17,647 RSUs and stock options for 128,571 shares each at $60.00 and $75.00 per share, and 110,204 shares at $85.00 per share, all vesting in three years. Additionally, Mr. Craps will be granted an option for 750,000 shares at the market closing price on the grant date, vesting after three years and expiring after five years. He will also receive a one-for-one RSU match for each share of Lamb Weston stock purchased, up to 300,000 shares, if bought before December 31, 2026, and must purchase at least 250,000 shares by that date. Mr. Craps is eligible for certain tax equalization payments and post-termination vesting arrangements subject to specified conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lamb Weston Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-010076), on February 04, 2026, and is solely responsible for the information contained therein.
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