What is the nature of the 1,863-share transaction reported by Kelly Hefner?

The transaction is an acquisition through a grant or award of 1,863 RSUs, not a cash purchase in the open market. The Form 4 identifies the code as an award-type acquisition, reflecting compensation for board service under the company’s stock award plan.

Louisiana-Pacific (NYSE: LPX) awards 1,863 RSUs to director

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BARRETT KELLY HEFNER reported acquisition or exercise transactions in this Form 4 filing.

Louisiana-Pacific Corporation director Kelly Hefner received an award of 1,863 restricted stock units (RSUs) of common stock. The RSUs were granted at no cash cost and will vest in full on May 8, 2027 under the company’s 2022 Omnibus Stock Award Plan.

Each RSU represents a right to receive one share of common stock. After this grant, Hefner directly holds 3,675 shares, which includes 23 shares credited as dividend equivalents on outstanding RSUs since the prior Form 4.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BARRETT KELLY HEFNER

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,863	$0.00	--

Holdings After Transaction: Common Stock — 3,675 shares (Direct, null)

Footnotes (1)

Restricted stock units ("RSUs") granted to non-employee directors pursuant to the Louisiana-Pacific Corporation 2022 Omnibus Stock Award Plan will vest in full on May 8, 2027. Each RSU represents a contingent right to receive one share of the issuer's common stock. Includes 23 shares reflecting the credit of dividend equivalents on outstanding RSUs since the reporting person's last Form 4 filing.

Key Figures

RSUs granted: 1,863 RSUs Grant price: $0.0000 per share Shares after transaction: 3,675 shares +2 more

5 metrics

RSUs granted 1,863 RSUs Grant to non-employee director on May 8, 2026

Grant price $0.0000 per share RSU grant carries no cash purchase price

Shares after transaction 3,675 shares Direct ownership following RSU grant

Dividend equivalent shares 23 shares Credited as dividend equivalents on outstanding RSUs

RSU vesting date May 8, 2027 Full vesting of non-employee director RSUs

Key Terms

Restricted stock units ("RSUs"), dividend equivalents, 2022 Omnibus Stock Award Plan, grant, award, or other acquisition

4 terms

Restricted stock units ("RSUs") financial

"Restricted stock units ("RSUs") granted to non-employee directors pursuant to the Louisiana-Pacific Corporation 2022 Omnibus Stock Award Plan will vest in full on May 8, 2027."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

dividend equivalents financial

"Includes 23 shares reflecting the credit of dividend equivalents on outstanding RSUs since the reporting person's last Form 4 filing."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

2022 Omnibus Stock Award Plan financial

"Restricted stock units ("RSUs") granted to non-employee directors pursuant to the Louisiana-Pacific Corporation 2022 Omnibus Stock Award Plan will vest in full on May 8, 2027."

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

05/11/2026 - 04:09 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BARRETT KELLY HEFNER

(Last)

(First)

(Middle)

1610 WEST END AVENUE

SUITE 200

(Street)

NASHVILLE

TENNESSEE

37203

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LOUISIANA-PACIFIC CORP [ LPX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/08/2026		A		1,863⁽¹⁾	A	$0	3,675⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Restricted stock units ("RSUs") granted to non-employee directors pursuant to the Louisiana-Pacific Corporation 2022 Omnibus Stock Award Plan will vest in full on May 8, 2027. Each RSU represents a contingent right to receive one share of the issuer's common stock.

2. Includes 23 shares reflecting the credit of dividend equivalents on outstanding RSUs since the reporting person's last Form 4 filing.

	/s/Nicole Daniel, Attorney in Fact for Kelly H. Barrett	05/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Louisiana-Pacific (LPX) director Kelly Hefner report on this Form 4?

Kelly Hefner reported receiving 1,863 restricted stock units (RSUs) of Louisiana-Pacific common stock. These RSUs are a stock-based award granted to a non-employee director, rather than an open-market stock purchase or sale, and increase Hefner’s direct equity position in the company.

When do Kelly Hefner’s newly granted Louisiana-Pacific RSUs vest?

The 1,863 restricted stock units granted to Kelly Hefner will vest in full on May 8, 2027. Vesting means the RSUs convert into common shares at that date, assuming applicable service or other conditions in the 2022 Omnibus Stock Award Plan are satisfied.

How many Louisiana-Pacific shares does Kelly Hefner hold after this transaction?

Following the RSU grant, Kelly Hefner directly holds 3,675 shares of Louisiana-Pacific common stock. This figure includes 23 additional shares that were credited as dividend equivalents on outstanding RSUs since the last Form 4 filing, increasing the reported direct share count.

What does each restricted stock unit (RSU) granted to Kelly Hefner represent?

Each restricted stock unit granted to Kelly Hefner represents a contingent right to receive one share of Louisiana-Pacific common stock. The shares are delivered when the RSUs vest on May 8, 2027, subject to plan terms, rather than being immediately issued at the grant date.