Southern William Bradley 4
4 · LOUISIANA-PACIFIC CORP · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Louisiana‑Pacific (LPX) CEO Southern William Bradley Sells 28,332 Shares
What Happened
Southern William Bradley, CEO of Louisiana‑Pacific Corporation (LPX), sold a total of 28,332 shares in open‑market transactions on February 17–18, 2026 for aggregate proceeds of approximately $2,509,316. The sales were executed at weighted‑average prices reported per lot (examples below) and were made pursuant to a pre‑arranged Rule 10b5‑1 trading plan.
Key Details
- Transaction type: S = Sale (open market) on Feb 17–18, 2026. Filing date: Feb 18, 2026 (timely).
- Aggregate shares sold: 28,332; aggregate proceeds: ~$2,509,316.
- Individual lots (weighted average price; price ranges reported in filing):
- 293 shares at $87.02 (trades ranged $86.65–$87.55) — $25,497
- 3,230 shares at $88.61 (trades ranged $87.965–$88.965) — $286,210
- 9,323 shares at $89.48 (trades ranged $88.99–$89.98) — $834,222
- 1,320 shares at $90.12 (trades ranged $89.995–$90.35) — $118,958
- 5,581 shares at $86.87 (trades ranged $86.45–$87.43) — $484,821
- 4,592 shares at $88.05 (trades ranged $87.465–$88.465) — $404,326
- 3,286 shares at $88.84 (trades ranged $88.47–$89.47) — $291,928
- 707 shares at $89.61 (trades ranged $89.48–$90.01) — $63,354
- Footnotes: Sales were automatic under a Rule 10b5‑1 trading plan adopted Aug 27, 2025. Several lots report weighted‑average prices with specified price ranges; the filer offers to provide per‑trade breakdowns on request.
- Shares owned after transaction: Not provided in the excerpt; see the full Form 4 for post‑transaction holdings.
- Timeliness: Filing appears timely (report period 2026‑02‑17; filing 2026‑02‑18).
Context
- These were sales (routine dispositions) executed under a pre‑arranged 10b5‑1 plan, which typically indicates trades were scheduled in advance rather than discretionary, and therefore do not necessarily signal the insider’s current view on the company.
- For retail investors, purchases often carry stronger interpretive weight than pre‑planned sales; consider this sale in the broader context of company performance, recent insider activity, and any public guidance.
Insider Transaction Report
Form 4
Southern William Bradley
DirectorChief Executive Officer
Transactions
- Sale
Common Stock
[F1][F2]2026-02-17$87.02/sh−293$25,497→ 475,592 total - Sale
Common Stock
[F1][F3]2026-02-17$88.61/sh−3,230$286,210→ 472,362 total - Sale
Common Stock
[F1][F4]2026-02-17$89.48/sh−9,323$834,222→ 463,039 total - Sale
Common Stock
[F1][F5]2026-02-17$90.12/sh−1,320$118,958→ 461,719 total - Sale
Common Stock
[F1][F6]2026-02-18$86.87/sh−5,581$484,821→ 456,138 total - Sale
Common Stock
[F1][F7]2026-02-18$88.05/sh−4,592$404,326→ 451,546 total - Sale
Common Stock
[F1][F8]2026-02-18$88.84/sh−3,286$291,928→ 448,260 total - Sale
Common Stock
[F1][F9]2026-02-18$89.61/sh−707$63,354→ 447,553 total
Footnotes (9)
- [F1]The reported sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2025.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.65 to $87.55, inclusive. The reporting person undertakes to provide to Louisiana-Pacific Corporation, any security holder of Louisiana-Pacific Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3), (4), (5), (6), (7), (8) and (9) to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.965 to $88.965, inclusive.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.99 to $89.98, inclusive.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.995 to $90.35, inclusive.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.45 to $87.43, inclusive.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.465 to $88.465, inclusive.
- [F8]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.47 to $89.47, inclusive.
- [F9]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.48 to $90.01, inclusive.
Signature
/s/Nicole Daniel, Attorney in Fact for W. Bradley Southern|2026-02-18