William Bradley Southern - Feb 10, 2023 Form 4 Insider Report for LOUISIANA-PACIFIC CORP (LPX)

Role
Chief Executive Officer, Director
Signature
/s/Nicole Daniel, Attorney in Fact
Stock symbol
LPX
Transactions as of
Feb 10, 2023
Transactions value $
$5,913,321
Form type
4
Date filed
2/14/2023, 06:20 PM
Previous filing
Feb 8, 2023
Next filing
Apr 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPX Common Stock Options Exercise $7.65M +117K +23.21% $65.67 619K Feb 10, 2023 Direct F1
transaction LPX Common Stock Tax liability -$3.36M -51.1K -8.27% $65.67 567K Feb 10, 2023 Direct
transaction LPX Common Stock Award $2M +30.5K +5.37% $65.67 598K Feb 10, 2023 Direct F2
transaction LPX Common Stock Tax liability -$381K -5.8K -0.96% $65.67 598K Feb 12, 2023 Direct F3

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 +45.7K $0.00 45.7K Feb 10, 2023 Common Stock 45.7K $0.00 Direct F4
transaction LPX Performance Stock Units Options Exercise $0 -117K -100% $0.00* 0 Feb 10, 2023 Common Stock 117K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2020 Performance Unit vested at 200% payout including accumulated dividend on performance shares.
F2 Consists of Restricted Stock Units granted pursuant to Louisiana Pacific Corporation 2022 Omnibus plan. Shares vest 1/3 annually on each anniversary of the date of grant.
F3 Includes 5,804 dividend shares, accrued and released upon settlement of the underlying performance and restricted stock grants.
F4 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.