Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
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
of Shares (or
Units)
Purchased (a) Average
Price Paid
Per Share
(or Unit) Total Number of
Shares (or Units)
Purchased as Part of
Publicly Announced
Plans or Programs (b) Approximate Dollar
Value of Maximum
Number of Shares that
May Yet be Purchased
Under Plans or Programs
(in millions) (b)
August 26, 2024 through September 22, 2024 979 $ 62.40 — $ 308
September 23, 2024 through October 20, 2024 4,502 $ 69.23 — $ 308
October 21, 2024 through November 24, 2024 3,311 $ 79.05 — $ 308
Total 8,792
___________________________________________
(a) Represents shares withheld from employees to cover income and payroll taxes on equity awards that vested during the period.
(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. After giving effect to this increase, approximately $558 million remained authorized and available for repurchase under the program. The program has no expiration date. 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.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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