Sichling Craig M 4
Research Summary
AI-generated summary
Louisiana‑Pacific (LPX) SVP Craig Sichling Sells Shares for Tax Withholding
What Happened
- Craig M. Sichling, Senior Vice President & Chief Commercial Officer of Louisiana‑Pacific (LPX), had a total of 196 shares disposed to satisfy tax withholding on restricted stock units (RSUs) after meeting retirement criteria. The company withheld 27 shares on 2026-01-29 at $86.44 (≈ $2,334) and 169 shares on 2026-02-08 at $96.97 (≈ $16,388), totaling roughly $18,722.
- These were not open‑market sales for investment purposes but shares withheld by the company to cover the reporting person’s tax obligations (transaction code F).
Key Details
- Transaction dates & prices: 2026-01-29 — 27 shares @ $86.44; 2026-02-08 — 169 shares @ $96.97.
- Total shares disposed: 196; approximate proceeds: $18,722.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 — shares withheld to satisfy tax withholding because the reporting person met retirement criteria under the award agreements; F2 — notes 130 shares acquired through the 2019 Employee Stock Purchase Plan since the last Form 4 and corrects a clerical error in prior filings.
- Filing date: Form 4 was filed 2026-02-11. Because the Jan 29 withholding was reported on Feb 11 (more than two business days later), that item appears to have been reported late.
Context
- This was a tax‑withholding disposition of RSU shares (company withheld shares to cover tax obligations), not a discretionary sale or purchase by the insider; such withholdings are routine and do not necessarily signal the insider’s market view.