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

Director Lizanne C. Gottung sold a total of 2,490 shares of Louisiana-Pacific Corp stock in multiple transactions on December 16, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Lizanne C. Gottung, a director at Louisiana-Pacific Corp, sold 2,490 shares of the company's common stock on December 16, 2024.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 14, 2023.
• The first sale involved 532 shares at a weighted average price of $112.7, with individual prices ranging from $112.23 to $113.17.
• The second sale involved 1,968 shares at a weighted average price of $113.71, with individual prices ranging from $113.30 to $114.20.
• Following these transactions, Ms. Gottung directly owns 18,513 shares of Louisiana-Pacific Corp stock.
• The reported holdings include 7 shares reflecting the credit of dividend equivalents on outstanding restricted stock units since the reporting person's last Form 4 filing.

Sentiment

Score: 5

Explanation: The document is a routine filing of insider stock sales under a pre-arranged plan, which is neither positive nor negative in itself. It is a neutral event.

Risks

• Sales by insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

This is a routine filing related to insider trading activity and is common for directors of publicly traded companies. The use of a 10b5-1 plan is a common practice to avoid accusations of trading on inside information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice among corporate insiders to manage their stock sales.
• The reported transactions are typical for directors of publicly traded companies and are in line with regulatory requirements.
• The price ranges and volumes are not unusual for insider sales.

Stakeholder Impact

• The stock sales may have a minor impact on the stock price, but the use of a 10b5-1 plan suggests the sales were planned and not based on any new information.

Key Dates

Keywords

insider trading, Form 4, stock sale, 10b5-1 plan, Louisiana-Pacific Corp, LPX, director, Lizanne C. Gottung