STOCK TITAN
  1. Home
  2. Sec-filings
  3. LPX
  4. [Form 4] LOUISIANA-PACIFIC CORP Insider Trading Activity

Louisiana-Pacific (NYSE: LPX) director receives 1,863-share RSU award and defers payout

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Macadam Stephen E. reported acquisition or exercise transactions in this Form 4 filing.

Louisiana-Pacific Corporation director Stephen E. Macadam reported an equity award of 1,863 shares of common stock on a Form 4. The award represents restricted stock units granted as compensation to a non-employee director at no cash cost, scheduled to vest in full on May 8, 2027. After this grant, Macadam directly holds 43,080 common shares, making the award a relatively small addition to his existing stake. The filing notes that he has elected to defer settlement of the RSUs into deferred stock units, each ultimately deliverable in one common share upon his separation from the board or a change of control. Footnotes also show 68 shares credited as dividend equivalents and a total of 7,525 deferred stock units held, reflecting prior awards and associated dividend credits.

Positive

  • None.

Negative

  • None.
Insider Macadam Stephen E.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,863 $0.00 --
Holdings After Transaction: Common Stock — 43,080 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 or (ii) a change of control of the issuer. Includes 68 shares reflecting the credit of dividend equivalents on outstanding RSUs and DSUs since the reporting person's last Form 4 filing. Total reflects 7,525 DSUs held by the reporting person (including additional DSUs credited as dividend equivalents).
RSU grant size 1,863 shares Restricted stock units granted to non-employee director on May 8, 2026
Grant price $0.0000 per share Equity award granted at no cash cost to director
Shares after transaction 43,080 shares Common shares directly held by Stephen Macadam following the award
Deferred stock units held 7,525 DSUs Total DSUs credited to Stephen Macadam including dividend equivalents
Dividend-equivalent credits 68 shares Shares credited as dividend equivalents on outstanding RSUs and DSUs
RSU vesting date May 8, 2027 Date on which the newly granted RSUs vest in full
Restricted stock units financial
"Restricted stock units ("RSUs") granted to non-employee directors pursuant to the Louisiana-Pacific Corporation 2022 Omnibus Stock Award Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
deferred stock units financial
"will receive deferred stock units ("DSUs") under the Amended and Restated Louisiana-Pacific Corporation Non-Employee Directors Compensation Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalents financial
"Includes 68 shares reflecting the credit of dividend equivalents on outstanding RSUs and DSUs"
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 ... 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.
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*
Macadam Stephen E.
(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$043,080(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 or (ii) a change of control of the issuer.
2. Includes 68 shares reflecting the credit of dividend equivalents on outstanding RSUs and DSUs since the reporting person's last Form 4 filing. Total reflects 7,525 DSUs held by the reporting person (including additional DSUs credited as dividend equivalents).
/s/Nicole Daniel, Attorney in Fact for Stephen E. Macadam05/11/2026
** 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 insider transaction did LPX director Stephen Macadam report on this Form 4?

Stephen E. Macadam reported receiving an equity award of 1,863 shares of Louisiana-Pacific common stock as restricted stock units. The award was granted as non-employee director compensation at no cash cost and increases his directly held common shares to a reported total of 43,080.

How large is Stephen Macadam’s new LPX stock award compared with his existing holdings?

The award covers 1,863 shares, while his reported direct holdings after the transaction are 43,080 common shares. This indicates the grant is a relatively small, routine addition tied to director compensation rather than a large, discretionary open-market purchase or sale.

When do Stephen Macadam’s newly granted Louisiana-Pacific RSUs vest?

The restricted stock units granted to Stephen Macadam as a Louisiana-Pacific non-employee director will vest in full on May 8, 2027. Vesting converts the RSUs into a right to receive common shares, subject to his separate decision to defer settlement into deferred stock units.

What are deferred stock units (DSUs) mentioned in Stephen Macadam’s LPX filing?

Deferred stock units are bookkeeping entries entitling the holder to receive one common share in the future instead of at vesting. Macadam elected to receive DSUs upon RSU vesting, payable in stock when he leaves the board or if a change of control occurs at Louisiana-Pacific.

How many Louisiana-Pacific deferred stock units does Stephen Macadam hold?

The filing reports that Stephen Macadam holds 7,525 deferred stock units in total, including additional DSUs credited as dividend equivalents. Footnotes also note 68 shares credited as dividend-equivalent units since his last Form 4, reflecting reinvested dividends on outstanding RSUs and DSUs.