T. Rowe Price reports 6.2% stake in Louisiana‑Pacific

T. Rowe Price Associates, Inc. files a Schedule 13G reporting beneficial ownership of 4,326,985 shares of Louisiana‑Pacific Corp common stock, representing 6.2% of the class as of 03/31/2026.

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. files a Schedule 13G reporting beneficial ownership of 4,326,985 shares of Louisiana‑Pacific Corp common stock, representing 6.2% of the class as of 03/31/2026. The filing lists 3,988,302 shares with sole voting power and 4,326,985 shares with sole dispositive power. The statement includes a signed affirmation dated 05/15/2026.

Insights

Institutional Ownership Specialist

Passive institutional stake disclosure: a 6.2% holding reported by T. Rowe Price.

The filing is a routine Schedule 13G disclosure that lists 4,326,985 shares beneficially owned as of 03/31/2026, with sole voting and dispositive powers quantified. It affirms a passive reporting posture consistent with 13G presentation.

Impact depends on the firm's trading decisions and any future amendments; subsequent filings would show changes in position or intent.

Proxy and Governance Analyst

6.2% stake may influence governance conversations if increased.

The report quantifies voting authority: 3,988,302 shares with sole voting power. While Schedule 13G indicates passive intent, the disclosed voting power is a factual input for potential shareholder engagements.

Any material change in ownership or conversion to a Schedule 13D would be the next signal to watch.

Key Figures

Beneficial ownership: 4,326,985 shares Percent of class: 6.2% Sole voting power: 3,988,302 shares +3 more

6 metrics

Beneficial ownership 4,326,985 shares as of 03/31/2026

Percent of class 6.2% ownership percentage reported

Sole voting power 3,988,302 shares shares with sole power to vote

Sole dispositive power 4,326,985 shares shares with sole power to dispose

CUSIP 546347105 Louisiana‑Pacific common stock CUSIP

Signature date 05/15/2026 filing signed by Ellen York, Vice President

Key Terms

Schedule 13G, Beneficially owned, Sole dispositive power, Sole voting power

4 terms

Schedule 13G regulatory

"T. Rowe Price Associates, Inc. 2 | 4 | Citizenship or Place of Organization"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 4326985"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"(iii) Sole power to dispose or to direct the disposition of: 4326985"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Sole voting power governance

"(i) Sole power to vote or to direct the vote: 3988302"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does T. Rowe Price report in LPX?

T. Rowe Price reports beneficial ownership of 4,326,985 shares, equal to 6.2% of Louisiana‑Pacific Corp common stock as of 03/31/2026. The filing quantifies both voting and dispositive powers held by the firm.

When is the ownership percentage reported for LPX?

The reported ownership percentage of 6.2% is tied to the position as of 03/31/2026. The Schedule 13G lists the share counts and powers measured at that reporting date, with the signature dated 05/15/2026.

How much voting power does T. Rowe Price hold in LPX?

T. Rowe Price discloses 3,988,302 shares as its sole voting power in Louisiana‑Pacific Corp. The filing also reports 0 shared voting power and full dispositive power over 4,326,985 shares.

Does this filing indicate activist intent for LPX?

No express activist intent is stated. The document is a Schedule 13G, which typically indicates a passive investment posture; it contains a signed affirmation and specific vote/disposition counts but does not assert activist plans.

What dates are relevant in the LPX Schedule 13G?

The position is reported as of 03/31/2026 and the signature block is dated 05/15/2026. These dates show the measurement date for holdings and the filing's executed affirmation respectively.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 10:07 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

LOUISIANA-PACIFIC CORP

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

546347105

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 546347105

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,988,302.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,326,985.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,326,985.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LOUISIANA-PACIFIC CORP
(b)	Address of issuer's principal executive offices: 1610 WEST END AVE., SUITE 200, NASHVILLE, TN, 37203
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP Number(s): 546347105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4326985
(b)	Percent of class: 6.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3988302
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4326985
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	05/15/2026