Bruce Lizanne M 4

What Happened
Bruce Lizanne, a director of Louisiana‑Pacific Corporation (LPX), sold 1,300 shares of LPX stock in an open‑market transaction on March 10, 2026. The shares were disposed at $78.59 per share, for a total transaction value of approximately $102,167. This was a sale (code S), which is often routine insider liquidity rather than a directional endorsement of the company.

Key Details

• Transaction date: March 10, 2026
• Price and size: 1,300 shares sold at $78.59 per share; total ≈ $102,167
• Transaction type: Open‑market sale (Form 4 code S)
• Filing date: March 11, 2026 — filed the next day (appears timely under Form 4 rules)
• Shares owned after transaction: Not specified in the filing
• Footnote: Filing notes inclusion of 9 shares credited as dividend equivalents on outstanding restricted stock units since the reporting person's last Form 4 filing

Context
Sales by directors can be for personal or tax reasons and do not necessarily signal a change in view about the company; purchases typically carry more weight for investors looking for insider conviction. This report documents a straightforward open‑market sale with a small RSU dividend‑equivalent credit noted in the footnote.