UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: Total shares of Lamb Weston common stock purchased by the Company during the thirteen weeks ended August 25, 2024 were as follows:
+Added: Total shares of Lamb Weston common stock purchased by the Company during the thirteen weeks ended November 24, 2024 were as follows:
Period Total Number
11 unchanged sentences
(in millions) (b)
−Removed: May 27, 2024 through June 23, 2024 — $ — — $ 390
−Removed: June 24, 2024 through July 21, 2024 1,921 $ 84.70 — $ 390
−Removed: July 22, 2024 through August 25, 2024 1,589,872 $ 57.87 1,412,852 $ 308
−Removed: Total 1,591,793
+Added: August 26, 2024 through September 22, 2024 979 $ 62.40 — $ 308
+Added: September 23, 2024 through October 20, 2024 4,502 $ 69.23 — $ 308
+Added: October 21, 2024 through November 24, 2024 3,311 $ 79.05 — $ 308
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−Removed: (a) Represents repurchased shares of our common stock under our publicly announced share repurchase program, which were repurchased at an average price of $58.04 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 (the “Board”) had authorized a $250.0 million share repurchase program with no expiration date.
−Removed: 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.
−Removed: 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.
−Removed: As of August 25, 2024, approximately $308 million remained authorized and available for repurchase under this program.
−Removed: 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 Exchange Act, or through privately negotiated transactions.
+Added: (a) Represents shares withheld from employees to cover income and payroll taxes on equity awards that vested during the period.
+Added: (b) On December 19, 2024, we announced that the Board of Directors (the “Board”) increased our total share repurchase authorization under our existing $500 million share repurchase program by $250 million to an aggregate amount of $750 million.
+Added: After giving effect to this increase, approximately $558 million remained authorized and available for repurchase under the program.
+Added: The program has no expiration date.
+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 Exchange Act, or through privately negotiated transactions or accelerated share repurchases or other structured transactions.
DEFAULTS UPON SENIOR SECURITIES
2 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.