Daniel Nicole C 4

What Happened

• Daniel C. Nicole, SVP, General Counsel & Corporate Secretary of Louisiana‑Pacific Corporation (LPX), received stock awards and had shares withheld to satisfy tax obligations.
• On 2026-02-12 he was credited with 5,325 restricted stock units (RSUs) and 3,843 performance stock unit (PSU) shares (total 9,168 shares) reported as acquisitions at $0.00 (awards/grants).
• To cover taxes, 1,512 shares were disposed (withheld) on 2026-02-12 at $93.89 each ($141,962) and 592 shares were disposed on 2026-02-13 at $93.62 each ($55,423), for a combined tax withholding of 2,104 shares worth $197,385. These disposal entries are coded “F” (payment of tax liability).

Key Details

• Transaction dates and prices:
  • Awards/grants: 5,325 RSUs and 3,843 PSU shares on 2026-02-12 (acquired at $0.00 as awards).
  • Tax-withholding dispositions: 1,512 shares on 2026-02-12 @ $93.89; 592 shares on 2026-02-13 @ $93.62.
• Shares withheld/sold for taxes: 2,104 shares for ~$197,385 total.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: The 5,325 RSUs were granted under the 2022 Omnibus Stock Award Plan and vest in three equal annual installments beginning on the first anniversary of the grant.
  • F2: The 3,843 represents payout of 2023 PSUs at 88% of target and includes dividend equivalents.
• Filing timeliness: Form 4 filed 2026-02-17. Given the Feb 12 transaction and the federal holiday on Feb 16, the filing was submitted within the SEC’s two business‑day reporting window.

Context

• The acquisitions are awards (RSUs/PSUs), not open‑market purchases—these are compensation-based grants. The subsequent disposals are routine tax‑withholding actions (code F), not open‑market sales expressing a view on the stock.
• PSU payout below target (88%) reflects performance payout; the filing notes dividend equivalents were included in the payout.