GRASBERGER F NICHOLAS III 4

What Happened

• Nicholas F. Grasberger III, a director of Louisiana‑Pacific Corporation (LPX), was granted 1,863 restricted stock units (RSUs) on 2026-05-08. The award was granted at $0.00 (no cash paid) and is reported under transaction code "A" (award/grant). After the grant and dividend credits, he holds 3,858 deferred stock units (DSUs) in total.

Key Details

• Transaction date: 2026-05-08 (Filed: 2026-05-11).
• Grant: 1,863 RSUs @ $0.00 (award/grant).
• Shares/units held after transaction: 3,858 DSUs (includes 21 shares credited as dividend equivalents).
• Vesting: RSUs vest in full on May 8, 2027 (per footnote).
• Deferral: Grasberger elected to defer receipt of shares on vesting; vested RSUs will convert to DSUs under the Non‑Employee Directors Compensation Plan.
• DSU payout: Each DSU entitles him to one share upon the earliest of (i) separation of service as a director, (ii) a change of control, or (iii) January 1, 2027 (as specified by the reporting person).
• Filing timeliness: Form 4 filed within the required reporting window (not marked late).

Context

• RSU grants to non‑employee directors are routine compensation and are not an open‑market purchase or sale. RSUs are contingent rights to shares that typically convert to stock (or deferred units) at vesting; DSUs are deferred equivalents payable at a later distribution event. This award reflects compensation rather than an immediate market bet by the insider.