Form 4: Louisiana-Pacific Corp Director Gottung Sells Shares Under 10b5-1 Plan

Director Lizanne C Gottung of Louisiana-Pacific Corp sold shares of common stock on June 17, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On June 17, 2024, Lizanne C Gottung, a director of Louisiana-Pacific Corp (LPX), sold shares of the company's common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 14, 2023.
• A total of 3,591 shares were sold in multiple transactions at varying prices.
• The weighted average sale prices ranged from $88.24 to $89.98 per share.
• Following the reported transactions, Gottung directly owns 23,501 shares of Louisiana-Pacific Corp.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports the sale of shares under a pre-arranged trading plan, which is a common practice.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for corporate insiders to use 10b5-1 plans to sell shares over time to avoid accusations of trading on material non-public information.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates