Davis Leslie E 4
Research Summary
AI-generated summary
Louisiana‑Pacific (LPX) VP Leslie Davis Withholds 47 Shares for Taxes
What Happened
- Leslie E. Davis, VP, Controller & CAO of Louisiana‑Pacific Corporation, had 47 shares withheld to satisfy a tax liability (transaction code F). The shares were valued at $96.97 each for a total of $4,558. This was a withholding to cover taxes, not an open‑market sale.
Key Details
- Transaction date: 2026-02-08; Form 4 filed 2026-02-10 (timely).
- Transaction type/code: F — payment of exercise price or tax liability (shares withheld).
- Shares withheld: 47 at $96.97; total value ~$4,558.
- Shares owned following transaction: not specified in the provided filing details.
- Footnote (F1): since the last Form 4 filing the reporting person received 20 shares as dividend equivalents on outstanding RSUs, 257 shares via the company’s 2019 Employee Stock Purchase Plan, and 9 shares via the Direct Stock Purchase & Dividend Reinvestment Plan.
- Filing timeliness: filed promptly (no late filing flag).
Context
- Withholding shares to pay taxes is a routine administrative action when restricted stock units vest or options are exercised; it does not represent a market sale or necessarily signal insider sentiment. For retail investors, outright purchases by insiders are generally more informative than tax‑related withholdings.