Bruce Lizanne M 4

What Happened
Bruce Lizanne, a director of Louisiana‑Pacific Corporation (LPX), was granted 1,863 restricted stock units (RSUs) on May 8, 2026. The award is reported at $0 per share on the Form 4 (transaction code A). The RSUs are compensation grants (not open‑market purchases or sales) and will convert to common stock only if and when they vest.

Key Details

• Transaction date: May 8, 2026; Form 4 filed May 11, 2026 (timely filing within business-day window).
• Amount: 1,863 RSUs reported at $0 per RSU (total reported value $0 on Form 4).
• Vesting: RSUs will vest in full on May 8, 2027 (per the 2022 Omnibus Stock Award Plan).
• Each RSU represents a contingent right to receive one share of common stock upon vesting.
• Footnote: The 1,863 figure includes 6 shares credited as dividend equivalents on outstanding RSUs since the reporting person’s last Form 4 filing.
• Shares owned following the transaction: Not specified in the provided filing.

Context
RSU grants to non‑employee directors are routine compensation and do not represent an immediate buy or sell decision; the economic interest is realized only if/when the RSUs vest and are settled. For retail investors, purchases or open‑market acquisitions by insiders often carry more immediate informational weight than routine compensation grants.