W. Bradley Southern - 10 Feb 2023 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
10 Feb 2023
Net transactions value
+$5,913,321
Form type
4
Filing time
14 Feb 2023, 18:20:53 UTC
Previous filing
08 Feb 2023
Next filing
03 Apr 2023
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 $7,652,919 +116,536 +23% $65.67 618,607 10 Feb 2023 Direct F1
transaction LPX Common Stock Tax liability $3,358,626 -51,144 -8.3% $65.67 567,463 10 Feb 2023 Direct
transaction LPX Common Stock Award $1,999,980 +30,455 +5.4% $65.67 597,918 10 Feb 2023 Direct F2
transaction LPX Common Stock Tax liability $380,952 -5,801 -0.96% $65.67 597,921 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 +45,683 $0.000000 45,683 10 Feb 2023 Common Stock 45,683 $0.000000 Direct F4
transaction LPX Performance Stock Units Options Exercise $0 -116,536 -100% $0.000000* 0 10 Feb 2023 Common Stock 116,536 $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 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.