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.