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

Role: EVP Siding
Signature: /s/ Nicole Daniel, Attorney-in-Fact
Issuer symbol: LPX
Transactions as of: 10 Feb 2022
Net transactions value: +$689,049
Form type: 4
Filing time: 14 Feb 2022, 17:20:49 UTC
Previous filing: 08 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LPX	Common Stock	Options Exercise	$533,548	+7,859	+8.4%	$67.89	101,350	10 Feb 2022	Direct	F1
transaction	LPX	Common Stock	Tax liability	$209,984	-3,093	-3.1%	$67.89	98,257	10 Feb 2022	Direct
transaction	LPX	Common Stock	Award	$365,485	+5,327	+5.4%	$68.61	103,584	10 Feb 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	+5,327		$0.000000	5,327	10 Feb 2022	Common Stock	5,327	$0.000000	Direct	F3
transaction	LPX	Performance Stock	Options Exercise	$0	-7,859	-100%	$0.000000^*	0	10 Feb 2022	Common Stock	7,859	$0.000000	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.