Sichling Craig M 4

What Happened

• Craig M. Sichling, SVP and Chief Commercial Officer of Louisiana‑Pacific (LPX), received equity awards on Feb 12, 2026: 4,260 restricted stock units (RSUs) and 1,603 shares from a performance stock unit (PSU) payout (total 5,863 shares) at $0 acquisition price. To satisfy tax withholding obligations, 691 shares were surrendered on Feb 12 at $93.89 ($64,878) and 173 shares were surrendered on Feb 13 at $93.62 ($16,196), for total withholding proceeds of about $81,074. These transactions are award/payout events rather than open‑market purchases or voluntary sales.

Key Details

• Transaction dates and prices:
  • 2026-02-12: +4,260 RSUs @ $0.00 (acquired)
  • 2026-02-12: +1,603 PSU shares @ $0.00 (acquired; PSU paid at 88% of target)
  • 2026-02-12: -691 shares withheld @ $93.89 (disposed) = $64,878
  • 2026-02-13: -173 shares withheld @ $93.62 (disposed) = $16,196
• Net awarded: 5,863 shares; net shares withheld/surrendered for taxes: 864 shares (~$81.1K).
• Shares owned after the transactions: not specified in the provided filing summary.
• Footnotes:
  • F1: The 4,260 RSUs were granted under the 2022 Omnibus Stock Award Plan and vest in three equal annual installments beginning one year after the grant.
  • F2: The 1,603 shares reflect the payout of 2023 PSUs at 88% of target and include dividend equivalents.
• Filing: Form 4 was filed on 2026-02-17 (transactions occurred Feb 12–13); this is several days after the transactions (outside the common 2-business-day window), which may indicate a delayed filing.

Context

• These transactions are routine award vesting/PSU payout events with shares withheld to satisfy tax obligations (code F indicates withholding/payment of tax liability). They do not represent an open‑market purchase or a discretionary sale of shares by the insider. For retail investors, award receipts and standard tax withholding are common and do not by themselves indicate insider sentiment.