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

Director Lizanne C. Gottung executed multiple sales of Louisiana-Pacific Corp (LPX) common stock on March 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 15, 2024, Lizanne C. Gottung, a director of Louisiana-Pacific Corp (LPX), sold shares of common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 14, 2023.
• A total of 572 shares were sold at a weighted average price of $76.6, with prices ranging from $76.13 to $76.91.
• An additional 1,576 shares were sold at a weighted average price of $77.74, with prices ranging from $77.40 to $78.22.
• Finally, 352 shares were sold at a weighted average price of $78.47, with prices ranging from $78.40 to $78.52.
• Following these transactions, Gottung directly owns 25,995 shares of Louisiana-Pacific Corp common stock.
• Gottung has a power of attorney appointing Nicole Daniel, Robert Swanton, and Greg Grissom to act on her behalf for securities filings.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions are part of a pre-planned trading strategy and do not necessarily reflect a change in the director's confidence in the company.

Industry Context

Sales by insiders are a common occurrence and are often planned in advance, especially when executed under a 10b5-1 trading plan. These plans allow insiders to sell shares at predetermined times and prices, avoiding accusations of trading on non-public information.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.
• The sales do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates