Lamb Weston Holdings, Inc. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES ​ Our common stock is listed on the NYSE under the ticker symbol “LW.” At July 19, 2021, there were 11,545 holders of record of our common stock. The majority of holders of Lamb Weston common stock are “street name” or beneficial holders, whose shares of record are held by banks, brokers, and other financial institutions. ​ Dividends ​ Our Board of Directors intends to continue to consider declaring and paying dividends on Lamb Weston common stock based on our financial condition and results of operations, as well as applicable covenants under our debt agreements. Our Board of Directors has no obligation under Delaware law or our amended and restated certificate of incorporation to declare or pay dividends, and dividends on Lamb Weston common stock are limited to legally available funds. ​ Purchases of Equity Securities by the Issuer ​ The following table presents information related to total shares purchased during the periods presented below (dollars in millions, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Approximate Dollar ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ Value of Maximum ​ ​ Total Number ​ Average ​ Shares (or Units) ​ Number of Shares that ​ ​ of Shares (or ​ Price Paid ​ Purchased as Part of ​ May Yet be Purchased ​ ​ Units) ​ Per Share ​ Publicly Announced ​ Under Plans or Programs Period Purchased (a) (or Unit) Plans or Programs (b) (in millions) (b) March 1, 2021 through March 28, 2021 ​ ​ 73 ​ $ 71.93 ​ ​ — ​ $ 182.6 March 29, 2021 through April 25, 2021 ​ ​ 59,075 ​ $ 78.83 ​ ​ 57,479 ​ $ 178.1 April 26, 2021 through May 30, 2021 ​ ​ 107,154 ​ $ 79.60 ​ ​ 106,761 ​ $ 169.6 Total ​ ​ 166,302 ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Represents repurchased shares of our common stock under our publicly announced share repurchase program, which were repurchased at a weighted average price of $79.35, and shares withheld from employees to cover income and payroll taxes on equity awards that vested during the period. ​ (b) In December 2018, our Board of Directors authorized a $250.0 million share repurchase program with no expiration date. Repurchases may be made at our discretion from time to time on the open market, subject to applicable laws, or through privately negotiated transactions. ​ 26 Table of Contents Performance Graph ​ The following graph and table compare the cumulative total return on our common stock with the cumulative total return of the Standard & Poor’s (“S&P”) 500 Index, the S&P 400 Packaged Food Index, which we consider to be our peer group, and the S&P 500 Packaged Food Index. This graph and table cover the period from November 10, 2016 (the first day our common stock began trading on NYSE) through May 28, 2021 (the last trading day of our fiscal year). The graph and table assume that $100 was invested in our common stock, the S&P 500 Index, the S&P 400 Packaged Food Index, and the S&P 500 Packaged Food Index on November 10, 2016, and that all dividends were reinvested . The cumulative total return shown below are based on the last trading day in Lamb Weston’s fiscal year. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 10, ​ May 26, ​ May 25, ​ May 24, ​ May 29, ​ May 28, ​ 2016 ​ 2017 ​ 2018 ​ 2019 ​ 2020 ​ 2021 Lamb Weston ​ $ 100 ​ $ 152 ​ $ 221 ​ $ 212 ​ $ 208 ​ $ 289 S&P 500 Index ​ $ 100 ​ $ 113 ​ $ 129 ​ $ 137 ​ $ 151 ​ $ 212 S&P 400 Packaged Foods Index ​ $ 100 ​ $ 111 ​ $ 110 ​ $ 138 ​ $ 131 ​ $ 154 S&P 500 Packaged Foods Index ​ $ 100 ​ $ 109 ​ $ 92 ​ $ 102 ​ $ 109 ​ $ 130 ​ The above performance graph and other information furnished under this Part II, Item 5 of this Form 10-K shall not be deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation 14A or 14C, or to the provisions of Section 18, of the Securities Exchange Act of 1934, as amended. ​ 27 Table of Contents ITEM 6. SELECTED FINANCIAL DATA ​ Removed. ​ ​