How Smith was paid
$2.7M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Michael J. SmithPresident and Chief Executive Officer | $847,116 | — | $1,764,006 | — | — | $77,494 | $2,688,616 |
| Bernadette M. MadarietaChief Financial Officer | $600,000 | — | $1,129,013 | — | — | $51,923 | $1,780,936 |
| Marc J.P.H. SchroederPresident, International | $653,315 | — | $1,081,901 | $623,612 | — | $57,150 | $2,415,978 |
| Sylvia J. WilksChief Supply Chain Officer | $464,423 | $200,000 | $1,433,699 | — | — | $26,406 | $2,124,528 |
| Eryk J. SpytekGeneral Counsel and Chief Compliance Officer | $560,000 | — | $1,053,622 | — | — | $35,562 | $1,649,184 |
| Thomas P. WernerFormer President and Chief Executive Officer | $886,346 | — | $4,939,381 | — | $2,437 | $91,698 | $5,919,862 |
| Sharon L. MillerFormer President North America | $379,464 | — | $1,246,555 | — | — | $286,584 | $1,912,603 |
What changed and why
- $2.7M$2,688,616 CEO total compensation in fiscal 2025, down from $3,222,931 in fiscal 2024.
- 116.7%116.7% of target performance shares were achieved for the fiscal 2023–2025 cycle.
- Fiscal 2026 annual incentives will add a free cash flow target.
- Fiscal 2026 long-term incentives will add a return on invested capital metric.
- $200K$200,000 joining bonus paid to Sylvia Wilks is subject to repayment under specified termination conditions.
- $58,36449:1 CEO-to-median employee pay ratio; median employee compensation was $58,364.
Other Lamb Weston Holdings proxy statements
- 2026 proxy statement
Michael J. Smith paid $16M (+495% on the year), pay ratio 279:1.
Filed Jul 30, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.