Southern William Bradley 4

What Happened
Southern William Bradley, CEO of Louisiana‑Pacific Corporation (LPX), disposed of 28,332 shares in a series of open‑market sales on Feb 2–3, 2026, generating roughly $2,477,207 in proceeds. The sales were reported on a Form 4 filed Feb 4, 2026, and were executed automatically under a Rule 10b5‑1 trading plan adopted Aug 27, 2025.

Key Details

• Transaction dates: 2026‑02‑02 (7,080 shares) and 2026‑02‑03 (remaining 21,252 shares across multiple trades).
• Reported per‑line weighted average prices and values:
  • 7,080 @ $85.16 = $602,933 (F2: trades at $85.00–$85.51)
  • 700 @ $85.89 = $60,123 (F3: $85.255–$86.235)
  • 3,406 @ $86.92 = $296,050 (F4: $86.27–$87.265)
  • 5,930 @ $87.70 = $520,061 (F5: $87.29–$88.29)
  • 9,893 @ $88.80 = $878,498 (F6: $88.30–$89.295)
  • 532 @ $89.78 = $47,763 (F7: $89.33–$90.33)
  • 726 @ $90.68 = $65,834 (F8: $90.395–$91.17)
  • 65 @ $91.46 = $5,945 (F9: $91.41–$91.54)
• Aggregate: 28,332 shares sold for ≈ $2,477,207; prices across trades ranged roughly $85.00–$91.54.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Notable footnote: F1 confirms these sales were automatic under a 10b5‑1 plan (adopted Aug 27, 2025). Several footnotes (F2–F9) note reported prices are weighted averages covering price ranges; the filer will provide trade‑by‑trade breakdown on request.
• Filing timeliness: Form 4 filed Feb 4, 2026; no late‑filing flag reported.

Context
These were scheduled sales under a prearranged 10b5‑1 plan, which typically indicate automatic disposition rather than ad‑hoc insider selling based on current company developments. For retail investors, purchases often carry more signal value than routine plan‑based sales; this filing documents disposition of shares and does not, by itself, indicate a change in CEO conviction about the company.