Form 4: Louisiana-Pacific Corp Director Macadam Acquires Shares Through Stock Award Plan

Director Stephen E. Macadam acquired 1,499 shares of Louisiana-Pacific Corp common stock through a grant of restricted stock units.

Summary

• On May 15, 2025, Stephen E. Macadam, a director of Louisiana-Pacific Corp, acquired 1,499 shares of common stock through the grant of restricted stock units (RSUs).
• These RSUs were granted under the Louisiana-Pacific Corporation 2022 Omnibus Stock Award Plan and will vest in full on May 15, 2026.
• Upon vesting, Macadam will receive deferred stock units (DSUs) under the Amended and Restated Louisiana-Pacific Corporation Non-Employee Directors Compensation Plan, with each DSU entitling him to one share of common stock upon separation of service or a change of control.
• Following the transaction, Macadam beneficially owns 37,895 shares, which includes 5,857 DSUs and 81 shares reflecting dividend equivalents on outstanding RSUs and DSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and insider alignment with shareholder interests.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The director's decision to defer receipt of common stock into DSUs demonstrates a long-term commitment to the company.

Future Outlook

The director will receive shares of common stock upon separation of service or a change of control, based on the number of DSUs held.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for maintaining investor confidence.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates

Keywords

Director, Macadam, RSU, DSU, LPX, Louisiana-Pacific Corp, Beneficial Ownership, Form 4, Stock Award Plan