Haughie Alan 4
Research Summary
AI-generated summary
Louisiana-Pacific (LPX) CFO Alan Haughie Receives RSUs, Sells Shares
What Happened
- Alan Haughie, EVP & CFO of Louisiana‑Pacific Corporation, was granted equity awards and had shares withheld to satisfy tax obligations. On Feb 12, 2026 he was credited with 7,988 RSUs and 8,196 performance-related shares (total 16,184 shares) at $0.00. To cover tax withholding, 3,225 shares were withheld on Feb 12 at $93.89 (proceeds $302,795) and 887 shares were withheld on Feb 13 at $93.62 (proceeds $83,041), for total cash proceeds of about $385,836. These transactions are award/grant (A) and tax-withholding disposals (F), not open-market purchases or discretionary sales.
Key Details
- Transaction dates and prices:
- 2026-02-12: Award of 7,988 RSUs @ $0.00 (acquired)
- 2026-02-12: Award/payout of 8,196 shares @ $0.00 (acquired)
- 2026-02-12: 3,225 shares withheld @ $93.89 (disposed) — $302,795
- 2026-02-13: 887 shares withheld @ $93.62 (disposed) — $83,041
- Shares owned after the transaction: Not disclosed in the excerpt of this filing.
- Notable footnotes:
- F1: The 7,988 items consist of RSUs granted under the 2022 Omnibus Stock Award Plan; RSUs vest in three equal annual installments beginning one year after grant.
- F2: The 8,196 shares reflect a payout of 2023 performance stock units at 88% of target and include dividend equivalents.
- Filing timing: Report filed 2026-02-17 covering transactions on 2026-02-12. Form 4 is normally due within two business days of the transaction; this filing was submitted five days later, which may indicate a late filing (check the official filing for any tardiness notation).
Context
- These transactions are company awards and routine tax-withholding share dispositions (often called a "sell to cover"), not open-market insider sales. Withholding to cover taxes is a common, administrative step and does not necessarily signal confidence or lack thereof in the company. The RSUs have multi-year vesting; the PSU payout was at 88% of target, so the 8,196 shares reflect performance below full target.