Form 4: Lamb Weston CHRO Steven Younes Reports Share Vesting and Tax-Related Sale
Insider Transaction Report
Lamb Weston Holdings, Inc.'s Chief Human Resources Officer, Steven J. Younes, reported the vesting of 4,748 performance shares and the subsequent sale of 1,490 shares to cover tax obligations.
Summary
- Steven J. Younes, Chief Human Resources Officer of Lamb Weston Holdings, Inc. (LW), reported transactions involving the company's common stock.
- On July 15, 2025, Younes acquired 4,748 shares of common stock at a price of $0 per share, resulting from the vesting of non-derivative performance shares, which included dividend equivalents.
- Following this acquisition, Younes's beneficial ownership increased to 21,118.4 shares, which also accounts for 117.0 additional shares acquired through a dividend reinvestment feature since the last report.
- Concurrently, on July 15, 2025, Younes disposed of 1,490 shares of common stock at a price of $49.79 per share to satisfy tax withholding obligations related to the vesting of the performance shares.
- After these transactions, Younes's direct beneficial ownership stands at 19,628.4 shares of common stock.
Sentiment
Score: 5
Explanation: The document reports a routine insider transaction involving the vesting of performance shares and a subsequent sale for tax purposes. This is a neutral event, reflecting standard executive compensation practices rather than a discretionary investment or divestment decision.
Positives
- Acquisition of 4,748 shares of common stock through the vesting of performance shares, indicating achievement of performance targets.
- Inclusion of 117.0 additional shares acquired via a dividend reinvestment feature, demonstrating continued investment in the company.
Negatives
- Disposition of 1,490 shares to cover tax withholding obligations, which reduces direct share ownership.
Future Outlook
NA
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically the vesting of equity compensation and a subsequent tax-related sale. It does not provide broader industry context or competitive insights.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Steven J. Younes granted a Limited Power of Attorney to several individuals, including Morgan Boatman, Gregory W. Jones, Phuong T. Lam, Connor McCracken, Eryk J. Spytek, and other Company officers, to handle SEC reporting obligations (Forms 3, 4, 5, and 144) on his behalf. This includes obtaining EDGAR credentials, acting as an EDGAR account administrator, and obtaining transaction information. | 2025-05-20 | Streamlines the process for timely and accurate filing of insider trading reports, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934 and Rule 144 of the Securities Act of 1933. |
Stakeholder Impact
- Shareholders: Minimal direct impact, as this is a routine compensation event for an executive. It reflects the executive's continued equity stake in the company, albeit with a portion sold for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 2025-05-20 | Date Steven J. Younes executed the Limited Power of Attorney for SEC reporting purposes. |
| 2025-07-15 | Date of common stock acquisition from performance share vesting and disposition for tax withholding. |
| 2025-07-16 | Date the Form 4 was signed by Power of Attorney. |
| 2030-05-15 | Expiration date of Notary Public Judi Glathe's commission. |
Keywords
Lamb Weston Holdings, LW, Steven J. Younes, Form 4, Insider Trading, Performance Shares, Stock Vesting, Tax Withholding, Chief Human Resources Officer, SEC Filing, Equity Compensation
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