2 unchanged sentences
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.
−Removed: 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.
−Removed: 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.
+Added: Our Board 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.
+Added: However, our Board 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:
−Removed: Approximate Dollar
−Removed: Total Number of
−Removed: Value of Maximum
−Removed: Shares (or Units)
−Removed: Number of Shares that
+Added: Period Total Number
of Shares (or
+Added: Purchased (a) Average
+Added: (or Unit) Total Number of
+Added: Shares (or Units)
Purchased as Part of
−Removed: May Yet be Purchased
Publicly Announced
+Added: Plans or Programs (b) Approximate Dollar
+Added: Value of Maximum
+Added: Number of Shares that
+Added: May Yet be Purchased
Under Plans or Programs
−Removed: Purchased (a)
−Removed: Plans or Programs (b)
(in millions) (b)
2 unchanged sentences
April 22, 2024 through May 26, 2024 483,621 $ 82.91 482,341 $ 390.0
+Added: Total 732,299
+Added: _____________________________________________________
(a) Represents repurchased shares of our common stock under our publicly announced share repurchase program, which were repurchased at a weighted average price of $82.15 per share, and shares withheld from employees to cover income and payroll taxes on equity awards that vested during the period.
−Removed: (b) On December 20, 2018, we announced that our Board of Directors had authorized a $250.0 million share repurchase program with no expiration date.
−Removed: On December 17, 2021, we announced that our Board of Directors had authorized the repurchase of an additional $250.0 million of our common stock under this program, bringing the total amount authorized under the program to $500.0 million of our common stock.
−Removed: Repurchases under the program may be made at our discretion from time to time on the open market, subject to applicable laws, including pursuant to a repurchase plan administered in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, or through privately negotiated transactions.
+Added: (b) On December 20, 2018, we announced that our Board had authorized a $250.0 million share repurchase program with no expiration date.
+Added: On December 17, 2021, we announced that our Board had authorized the repurchase of an additional $250.0 million of our common stock under this program, bringing the total amount authorized under the program to $500.0 million of our common stock.
+Added: On October 11, 2023, we announced that our Board had increased our share repurchase authorization under the program to an aggregate of $500.0 million of our common stock, including $123.9 million of previously authorized but unused capacity under the program.
+Added: As of May 26, 2024, $390.0 million remained authorized and available for repurchase under this program.
+Added: Repurchases under our share repurchase program may be made at our discretion from time to time on the open market, subject to applicable laws, including pursuant to a repurchase plan administered in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, or through privately negotiated transactions.
Performance Graph
2 unchanged sentences
The cumulative total return shown below are based on the last trading day in Lamb Weston’s fiscal year.
+Added: Lamb Weston $ 100 $ 98 $ 136 $ 114 $ 186 $ 153
S&P 500 Index $ 100 $ 110 $ 154 $ 155 $ 159 $ 204
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.