W. Bradley Southern - 24 Feb 2022 Form 4 Insider Report for LOUISIANA-PACIFIC CORP (LPX)

Role: Chief Executive Officer, Director
Signature: /s/ Nicole Daniel, Attorney-in-Fact
Issuer symbol: LPX
Transactions as of: 24 Feb 2022
Net transactions value: +$1,833,845
Form type: 4
Filing time: 25 Feb 2022, 10:25:21 UTC
Previous filing: 15 Feb 2022
Next filing: 04 Apr 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	$3,023,685	+44,538	+9.3%	$67.89	521,390	24 Feb 2022	Direct	F1
transaction	LPX	Common Stock	Tax liability	$1,189,840	-17,526	-3.4%	$67.89	503,864	24 Feb 2022	Direct

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 Units	Options Exercise	$0	-44,538	-100%	$0.000000^*	0	24 Feb 2022	Common Stock	44,538	$0.000000	Direct	F2

* 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	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.