Form 4: Louisiana-Pacific Director Reports Stock Sale Under 10b5-1 Plan and Divorce-Related Transfer

Louisiana-Pacific Corp. Director Lizanne C. Gottung reported the sale of 1,179 common shares under a pre-arranged plan and the transfer of 388 shares to an ex-spouse, reducing her beneficial ownership to 18,450 shares.

Summary

• Lizanne C. Gottung, a Director of Louisiana-Pacific Corp. (LPX), reported changes in her beneficial ownership of common stock.
• On June 11, 2025, she sold 1,179 shares of LPX common stock at a price of $89.52 per share. This sale was conducted under a Rule 10b5-1 pre-arranged trading plan.
• On June 12, 2025, an additional 388 shares of common stock were transferred to her ex-spouse pursuant to a divorce decree, with a transaction price of $0.
• Prior to these transactions, her beneficial ownership increased by 4 shares due to dividend equivalents on outstanding restricted stock units.
• Following these reported transactions, Ms. Gottung's direct beneficial ownership of Louisiana-Pacific Corp. common stock stands at 18,450 shares.

Sentiment

Score: 5

Explanation: While a director selling shares might typically be seen as slightly negative, the sale was pre-planned under a Rule 10b5-1 plan, mitigating concerns about insider sentiment. The other transaction was a non-discretionary transfer due to a divorce, which is neutral.

Positives

• The sale of 1,179 shares was conducted under a Rule 10b5-1 plan, indicating a pre-scheduled transaction rather than a reactive sale based on new information.

Negatives

• The sale of 1,179 shares reduces the director's direct ownership in the company.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and does not provide information related to broader industry trends or competitive landscape for Louisiana-Pacific Corp.

Stakeholder Impact

• Shareholders: The sale and transfer of shares by a director slightly reduces insider ownership, which could be viewed neutrally given the reasons (10b5-1 plan and divorce).

Key Dates

Recommendation

Keywords

Louisiana-Pacific Corp, LPX, SEC Form 4, Insider Trading, Stock Sale, Director Stock, Beneficial Ownership, Rule 10b5-1, Lizanne C Gottung