Form 4: Louisiana-Pacific Corp Director Grasberger Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director F. Nicholas Grasberger III reports acquisition of restricted stock units and deferred stock units in Louisiana-Pacific Corp.
Summary
- On May 15, 2025, F. Nicholas Grasberger III, a director of Louisiana-Pacific Corp, acquired 1,499 shares of common stock in the form of restricted stock units (RSUs).
- These RSUs were granted under the company's 2022 Omnibus Stock Award Plan and will vest on May 15, 2026.
- Upon vesting, Grasberger will receive deferred stock units (DSUs) under the Amended and Restated Louisiana-Pacific Corporation Non-Employee Directors Compensation Plan.
- Each DSU entitles him to one share of common stock upon separation of service, a change of control, or on January 1, 2029.
- The report also indicates that Grasberger holds 18,903 shares, including 2,239 DSUs, which includes 41 shares reflecting dividend equivalents on outstanding RSUs and DSUs since the last Form 4 filing.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard SEC filing reporting a director's acquisition of stock units, which doesn't inherently indicate positive or negative sentiment.
Positives
- The acquisition of RSUs by a director could be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The reporting person will receive shares 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, 2029.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company directors.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it shows confidence from a director.
Key Dates
| Date | Description |
|---|---|
| 05/07/2025 | Date of Power of Attorney execution. |
| 05/15/2025 | Date of transaction: Acquisition of restricted stock units. |
| 05/15/2026 | Vesting date of the restricted stock units. |
| 01/01/2029 | Latest possible distribution date for deferred stock units. |
Keywords
Form 4, Louisiana-Pacific Corp, Director, Grasberger, Restricted Stock Units, Deferred Stock Units, LPX, Beneficial Ownership, Securities
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