Neil Sherman - Feb 10, 2022 Form 4 Insider Report for LOUISIANA-PACIFIC CORP (LPX)

Role
EVP Siding
Signature
/s/ Nicole Daniel, Attorney-in-Fact
Stock symbol
LPX
Transactions as of
Feb 10, 2022
Transactions value $
$689,049
Form type
4
Date filed
2/14/2022, 05:20 PM
Previous filing
Feb 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPX Common Stock Options Exercise $534K +7.86K +8.41% $67.89 101K Feb 10, 2022 Direct F1
transaction LPX Common Stock Tax liability -$210K -3.09K -3.05% $67.89 98.3K Feb 10, 2022 Direct
transaction LPX Common Stock Award $365K +5.33K +5.42% $68.61 104K Feb 10, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LPX Performance Stock Unit Award $0 +5.33K $0.00 5.33K Feb 10, 2022 Common Stock 5.33K $0.00 Direct F3
transaction LPX Performance Stock Options Exercise $0 -7.86K -100% $0.00* 0 Feb 10, 2022 Common Stock 7.86K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2019 Performance Unit vested at 120% payout including accumulated dividend on performance shares.
F2 Consists of Restricted Stock Units granted pursuant to Louisiana Pacific Corporation 2013 Omnibus plan. Shares vest in three equal annual installments beginning on the first anniversary of the grant date.
F3 Each performance share converts into the number of shares of Common Stock by applying a payout factor to the target number of shares vesting on a given date. The payout factor can be from 0 to 200% depending on performance realized.