Nicole C. Daniel - 10 Feb 2023 Form 4 Insider Report for LOUISIANA-PACIFIC CORP (LPX)

Role: SVP, General Counsel
Signature: /s/Nicole Daniel
Issuer symbol: LPX
Transactions as of: 10 Feb 2023
Net transactions value: +$563,383
Form type: 4
Filing time: 14 Feb 2023, 18:15:46 UTC
Previous filing: 08 Feb 2023
Next filing: 12 Feb 2024
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	$620,450	+9,448	+43%	$65.67	31,414	10 Feb 2023	Direct	F1
transaction	LPX	Common Stock	Tax liability	$292,560	-4,455	-14%	$65.67	26,959	10 Feb 2023	Direct
transaction	LPX	Common Stock	Award	$275,486	+4,195	+16%	$65.67	31,154	10 Feb 2023	Direct	F2
transaction	LPX	Common Stock	Tax liability	$39,993	-609	-1.9%	$65.67	31,030	12 Feb 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	+4,195		$0.000000	4,195	10 Feb 2023	Common Stock	4,195	$0.000000	Direct	F4
transaction	LPX	Performance Stock Unit	Options Exercise	$0	-9,448	-100%	$0.000000^*	0	10 Feb 2023	Common Stock	9,448	$0.000000	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 485 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.