Form 4: Lamb Weston Executive Jones Reports Stock Transaction to Cover Tax Obligations

Gregory W. Jones, VP and Controller of Lamb Weston Holdings, Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vesting restricted stock units and performance shares.

Summary

• On July 29, 2024, Gregory W. Jones, VP and Controller of Lamb Weston Holdings, Inc., reported a transaction on Form 4.
• The transaction involved the withholding of 1,038 shares of common stock at a price of $56.23 to satisfy tax withholding obligations.
• This withholding was related to the vesting of restricted stock units and performance shares.
• Following the transaction, Jones beneficially owns 8,494.6 shares of Lamb Weston Holdings, Inc.
• The total number of shares reflects a reduction of about two shares related to the rounding down of fractional shares upon vesting.

Sentiment

Score: 7

Explanation: The sentiment is neutral as the document reports a routine transaction related to tax obligations. It doesn't indicate any positive or negative developments for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of covering tax obligations related to equity compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is a routine process for covering tax obligations related to executive compensation.

Key Dates