Were the Louisiana-Pacific (LPX) CEO’s reported share sales direct or indirect holdings?

All reported transactions involved common stock held under direct ownership by the CEO. The filing identifies each sale as directly owned, with no indication that the shares were held through separate entities, trusts, or other indirect ownership structures.

Louisiana-Pacific (NYSE: LPX) CEO offloads 28,332 company shares

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Louisiana-Pacific Corporation’s Chief Executive Officer William Bradley Southern reported selling a total of 28,332 shares of common stock in open-market transactions. The sales took place on February 17 and 18, 2026 at prices generally in the high-$80s to around $90 per share.

The transactions were executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on August 27, 2025, which is designed to systematically sell shares over time. After these trades, Southern continues to directly hold 447,553 shares of Louisiana-Pacific common stock.

Insider Trade Summary

Net Seller: 28,332 shares ($2,509,317)

Net Sell 8 txns

Insider Southern William Bradley

Role Chief Executive Officer

Sold 28,332 shs ($2.51M)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,581	$86.87	$485K
Sale	Common Stock	4,592	$88.05	$404K
Sale	Common Stock	3,286	$88.84	$292K
Sale	Common Stock	707	$89.61	$63K
Sale	Common Stock	293	$87.02	$25K
Sale	Common Stock	3,230	$88.61	$286K
Sale	Common Stock	9,323	$89.48	$834K
Sale	Common Stock	1,320	$90.12	$119K

Holdings After Transaction: Common Stock — 456,138 shares (Direct)

Footnotes (1)

The reported sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.65 to $87.55, inclusive. The reporting person undertakes to provide to Louisiana-Pacific Corporation, any security holder of Louisiana-Pacific Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3), (4), (5), (6), (7), (8) and (9) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.965 to $88.965, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.99 to $89.98, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.995 to $90.35, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.45 to $87.43, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.465 to $88.465, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.47 to $89.47, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.48 to $90.01, inclusive.

Form 4 Insider Transactions: What Each Field Means →

02/18/2026 - 06:24 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^*

Southern William Bradley

(Last)

(First)

(Middle)

1610 WEST END AVENUE

SUITE 200

(Street)

NASHVILLE

37203

(City)

(State)

(Zip)

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
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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

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

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

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	02/17/2026		S		293⁽¹⁾	D	$87.02⁽²⁾	475,592	D
Common Stock	02/17/2026		S		3,230⁽¹⁾	D	$88.61⁽³⁾	472,362	D
Common Stock	02/17/2026		S		9,323⁽¹⁾	D	$89.48⁽⁴⁾	463,039	D
Common Stock	02/17/2026		S		1,320⁽¹⁾	D	$90.12⁽⁵⁾	461,719	D
Common Stock	02/18/2026		S		5,581⁽¹⁾	D	$86.87⁽⁶⁾	456,138	D
Common Stock	02/18/2026		S		4,592⁽¹⁾	D	$88.05⁽⁷⁾	451,546	D
Common Stock	02/18/2026		S		3,286⁽¹⁾	D	$88.84⁽⁸⁾	448,260	D
Common Stock	02/18/2026		S		707⁽¹⁾	D	$89.61⁽⁹⁾	447,553	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. The reported sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.65 to $87.55, inclusive. The reporting person undertakes to provide to Louisiana-Pacific Corporation, any security holder of Louisiana-Pacific Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3), (4), (5), (6), (7), (8) and (9) to this Form 4.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.965 to $88.965, inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.99 to $89.98, inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.995 to $90.35, inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.45 to $87.43, inclusive.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.465 to $88.465, inclusive.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.47 to $89.47, inclusive.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.48 to $90.01, inclusive.

	/s/Nicole Daniel, Attorney in Fact for W. Bradley Southern	02/18/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Louisiana-Pacific (LPX) report in this Form 4?

Louisiana-Pacific reported that CEO William Bradley Southern sold 28,332 shares of common stock in multiple open-market transactions. The trades occurred over two days and were executed automatically under a pre-established Rule 10b5-1 trading plan.

How many Louisiana-Pacific (LPX) shares did the CEO sell and at what prices?

The CEO sold 28,332 common shares in several trades at weighted average prices in the high-$80s to around $90 per share. Individual transactions were reported at prices such as $86.87, $88.05, $88.84, $89.61, $87.02, $88.61, $89.48 and $90.12.

On what dates did the Louisiana-Pacific (LPX) CEO sell shares?

The reported sales occurred on February 17 and February 18, 2026. Across those two trading days, the CEO completed eight separate open-market sale transactions in Louisiana-Pacific common stock under his Rule 10b5-1 trading plan.

What is a Rule 10b5-1 trading plan in the context of this LPX Form 4?

A Rule 10b5-1 trading plan is a pre-arranged program allowing insiders to sell shares automatically according to set instructions. Here, the CEO’s sales were executed under a plan he adopted on August 27, 2025, rather than discretionary, ad-hoc trading decisions.

How many Louisiana-Pacific (LPX) shares does the CEO still own after these sales?

After the reported transactions, the CEO directly holds 447,553 shares of Louisiana-Pacific common stock. This figure reflects his remaining direct ownership following the aggregate sale of 28,332 shares in the February 17 and 18, 2026 trades.