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Louisiana-Pacific (NYSE: LPX) director granted 1,863 RSUs vesting in 2027

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Form Type
4

Rhea-AI Filing Summary

GRASBERGER F NICHOLAS III reported acquisition or exercise transactions in this Form 4 filing.

Louisiana-Pacific Corporation director F. Nicholas Grasberger III received an equity award rather than buying shares on the market. He was granted 1,863 restricted stock units (RSUs) of common stock, which will vest in full on May 8, 2027, under the company’s 2022 Omnibus Stock Award Plan.

Each RSU represents the right to receive one share of common stock. Grasberger has elected to defer delivery of shares at vesting, instead receiving deferred stock units (DSUs) under the Non-Employee Directors Compensation Plan, each convertible into one share at separation from service, a change of control, or on January 1, 2027. After this grant he directly holds 40,838 common shares, and his total includes 3,858 DSUs, with 21 additional shares credited as dividend equivalents since his last Form 4.

Positive

  • None.

Negative

  • None.
Insider GRASBERGER F NICHOLAS III
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,863 $0.00 --
Holdings After Transaction: Common Stock — 40,838 shares (Direct, null)
Footnotes (1)
  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. The reporting person has elected to defer the receipt of common stock upon the vesting of the RSUs, and upon vesting of the RSUs, will receive deferred stock units ("DSUs") under the Amended and Restated Louisiana-Pacific Corporation Non-Employee Directors Compensation Plan. Each DSU entitles the reporting person to receive one share of common stock upon the earliest of (i) the reporting person's separation of service as a director, (ii) a change of control of the issuer or (iii) January 1, 2027 (the distribution date specified by the reporting person). Includes 21 shares reflecting the credit of dividend equivalents on outstanding RSUs and DSUs since the reporting person's last Form 4 filing. Total reflects 3,858 DSUs held by the reporting person (including additional DSUs credited as dividend equivalents).
RSU grant 1,863 units Restricted stock units granted on May 8, 2026
Vesting date May 8, 2027 RSUs vest in full on this date
Shares held after grant 40,838 shares Common stock directly owned following transaction
Deferred stock units held 3,858 DSUs Includes DSUs credited as dividend equivalents
Dividend equivalent shares 21 shares Additional shares credited since last Form 4
Distribution date option January 1, 2027 Earliest DSU payout if no separation or change of control
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"
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.
deferred stock units ("DSUs") financial
"will receive deferred stock units ("DSUs") under the Amended and Restated Louisiana-Pacific Corporation Non-Employee Directors Compensation Plan"
dividend equivalents financial
"Includes 21 shares reflecting the credit of dividend equivalents on outstanding RSUs and DSUs 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.
change of control financial
"Each DSU entitles the reporting person to receive one share of common stock upon the earliest of (i) the reporting person's separation of service as a director, (ii) a change of control of the issuer"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Non-Employee Directors Compensation Plan financial
"under the Amended and Restated Louisiana-Pacific Corporation Non-Employee Directors Compensation Plan"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
GRASBERGER F NICHOLAS III
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/08/2026A1,863(1)A$040,838(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
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. The reporting person has elected to defer the receipt of common stock upon the vesting of the RSUs, and upon vesting of the RSUs, will receive deferred stock units ("DSUs") under the Amended and Restated Louisiana-Pacific Corporation Non-Employee Directors Compensation Plan. Each DSU entitles the reporting person to receive one share of common stock upon the earliest of (i) the reporting person's separation of service as a director, (ii) a change of control of the issuer or (iii) January 1, 2027 (the distribution date specified by the reporting person).
2. Includes 21 shares reflecting the credit of dividend equivalents on outstanding RSUs and DSUs since the reporting person's last Form 4 filing. Total reflects 3,858 DSUs held by the reporting person (including additional DSUs credited as dividend equivalents).
/s/Nicole Daniel, Attorney in Fact for F. Nicholas Grasberger05/11/2026
** Signature of Reporting PersonDate
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 F. Nicholas Grasberger III report in this Form 4?

He reported receiving 1,863 restricted stock units as a director equity award, not an open-market purchase. The units convert into common shares later, increasing his future claim on Louisiana-Pacific stock as part of standard non-employee director compensation.

How many RSUs did the Louisiana-Pacific (LPX) director receive and when do they vest?

He received 1,863 restricted stock units that vest in full on May 8, 2027. Once vested, each RSU entitles him to one share of Louisiana-Pacific common stock, subject to his elected deferral into deferred stock units under the company’s director compensation plan.

Did the Louisiana-Pacific (LPX) director buy or sell shares in the market?

No market buy or sell occurred; this was a grant of 1,863 restricted stock units at no cash cost. It is a compensation-related acquisition of equity, common for non-employee directors, rather than a discretionary trade that might signal a view on the share price.

What are deferred stock units (DSUs) in this Louisiana-Pacific (LPX) filing?

Deferred stock units are bookkeeping entries that each represent a right to one future share of common stock. Here, vested RSUs will convert into DSUs, which are paid out in shares at separation from board service, a change of control, or on January 1, 2027, whichever occurs first.

How many Louisiana-Pacific (LPX) shares and DSUs does the director hold after this transaction?

After the grant, he directly holds 40,838 common shares. Footnotes state he also holds 3,858 deferred stock units, and his total includes 21 additional shares credited as dividend equivalents since his prior Form 4 filing, reflecting reinvested dividend value.

What are dividend equivalents mentioned in the Louisiana-Pacific (LPX) Form 4 footnote?

Dividend equivalents credit additional units or shares to reflect dividends paid on the underlying stock. In this case, 21 extra shares and additional deferred stock units were credited as dividend equivalents on his outstanding RSUs and DSUs since his last Form 4, modestly increasing his position.