How Smith was paid
$16M in total for fiscal 2026, 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Michael J. SmithPresident and Chief Executive Officer | $1,000,000 | — | $5,704,557 | $7,379,936 | $1,830,000 | $90,121 | $16,004,614 |
| James D. GrayChief Financial Officer | $120,577 | $100,000 | $3,060,517 | $1,774,748 | $165,489 | $37,779 | $5,259,110 |
| Jan E.B. CrapsExecutive Chair | $6,584 | — | $15,920,468 | $14,429,562 | — | $2,021 | $30,358,635 |
| Marc P.J.H. SchroederPresident, International | $670,439 | — | $1,613,250 | $3,053,970 | $817,935 | $61,233 | $6,216,827 |
| Sylvia J. WilksChief Supply Chain Officer | $591,539 | — | $1,411,675 | $2,978,967 | $693,608 | $59,712 | $5,735,501 |
| Bernadette M. MadarietaFormer Chief Financial Officer | $563,077 | — | $2,691,043 | $359,993 | $732,000 | $90,969 | $4,437,082 |
What changed and why
- $16M$16,004,614 CEO total compensation exceeded the prior year's $2,688,616.
- $11.6M$11,635,875 was compensation actually paid to the current CEO in fiscal 2026.
- $30.4M$30,358,635 total compensation for Executive Chair Jan E.B. Craps included substantial joining-related equity and option awards.
- Free Cash Flow was added to the fiscal 2026 annual incentive plan.
- Stock options were added to the fiscal 2026 long-term incentive plan, and ROIC was added to performance share awards.
- 95%95% of votes cast supported the 2025 say-on-pay proposal.
Other Lamb Weston Holdings proxy statements
- 2025 proxy statement
Michael J. Smith paid $2.7M (-17% on the year), pay ratio 49:1.
Filed Aug 07, 2025
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.