25 unchanged sentences
(a) Represents repurchased shares of our common stock under our publicly announced share repurchase program, which were repurchased at a weighted average price of $41.04 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 19, 2024, we announced that the Board increased our total share repurchase authorization under our existing $500 million share repurchase program (originally announced in 2018 and amended in 2021) by $250 million to an aggregate amount of $750 million.
+Added: (b) On December 19, 2024, we announced that our Board increased our total share repurchase authorization under our existing $500 million share repurchase program (originally announced in 2018 and amended in 2021) by $250 million to an aggregate amount of $750 million.
As of May 31, 2026, approximately $245 million remained authorized and available for repurchase under the program.
2 unchanged sentences
Performance Graph
−Removed: 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 Foods Index, which we consider to be our peer group, and the S&P 500 Packaged Foods Index for the five years ended May 25, 2025 (the last trading day of our fiscal year).
−Removed: The graph and table assume that $100 was invested in our common stock, the S&P 500 Index, the S&P 400 Packaged Foods Index, and the S&P 500 Packaged Foods Index on May 29, 2020, and that all dividends were reinvested .
−Removed: The cumulative total return shown below are based on the last trading day in Lamb Weston’s fiscal year.
+Added: Our fiscal year 2025 Annual Report on Form 10-K included a comparison of the cumulative total return on our common stock with the Standard & Poor’s (“S&P”) 500 Index, the S&P 400 Packaged Foods Index, which we considered to be our peer group, and the S&P 500 Packaged Foods Index for the five years ended May 25, 2025.
+Added: In March 2026, there were changes to the indices that Lamb Weston is included in, and, as a result, we believe that the S&P 600 Index is a more appropriate index than the S&P 500 for comparison of our stock performance.
+Added: In addition, we believe the S&P 600 Packaged Foods Index is a more appropriate peer group than the S&P 400 Packaged Foods Index.
+Added: Under SEC rules, if a company discloses a different index from that used in the immediately preceding fiscal year, the company’s stock performance must be compared with both the newly disclosed index and the index used in the immediately preceding year.
+Added: Accordingly, the following graph and table compare the cumulative total return on our common stock with the cumulative total return of the S&P 600 Index, the S&P 500 Index, the S&P 600 Packaged Foods Index, the S&P 500 Packaged Foods Index, and the S&P 400 Packaged Foods Index, for the five years ended May 31, 2026 .
+Added: The graph and table assume that $100 was invested in our common stock, the S&P 600 Index, S&P 500 Index, the S&P 600 Packaged Foods Index, the S&P 500 Packaged Foods Index, and the S&P 400 Packaged Foods Index on May 28, 2021, and that all dividends were reinvested .
+Added: The cumulative total returns shown below are based on the last trading day in Lamb Weston’s fiscal year.
Lamb Weston $ 100 $ 84 $ 136 $ 113 $ 65 $ 58
S&P 600 Index $ 100 $ 92 $ 86 $ 101 $ 98 $ 133
+Added: S&P 500 Index $ 100 $ 100 $ 103 $ 132 $ 146 $ 194
S&P 600 Packaged Foods Index $ 100 $ 96 $ 100 $ 102 $ 96 $ 70
S&P 500 Packaged Foods Index $ 100 $ 105 $ 116 $ 104 $ 95 $ 88
+Added: S&P 400 Packaged Foods Index $ 100 $ 96 $ 99 $ 107 $ 102 $ 69
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 Exchange Act.
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.