Form 4: Louisiana-Pacific Corp Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Michael W. Blosser, SVP of Manufacturing Services at Louisiana-Pacific Corp, exercised stock appreciation rights and disposed of shares, resulting in adjustments to his holdings.
Summary
- On May 10, 2024, Michael W. Blosser, SVP of Manufacturing Services at Louisiana-Pacific Corp, exercised stock settled stock appreciation rights for 7,500 shares at a price of $17.04.
- Following the exercise, Blosser disposed of 1,464 shares at $87.25 per share and 2,375 shares for tax withholding purposes at $87.25 per share.
- After these transactions, Blosser directly owns 58,559 shares of common stock and indirectly owns 687 shares through a 401(k) plan.
- The stock appreciation rights were originally granted on February 5, 2018, and expire on February 5, 2025.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about an executive's stock activity.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/05/2018 | Date stock settled stock appreciation right was granted |
| 05/10/2024 | Date of transaction: exercise of stock appreciation rights and disposal of shares |
| 05/14/2024 | Date of Form 4 filing |
| 02/05/2025 | Expiration date of the stock settled stock appreciation right |
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