Company: LPX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001104659-25-028584
Chunk: 50

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 50
---
 ​ | ​ |
| ​ | Jason P. Ringblom       | ​ | ​ | ​                                   | ​ |   550,000 | ​ | ​ | ​ | ​                               | ​ |   550,000 | ​ | ​ | ​ | ​                                      | ​ | 1,100,000 | ​ | ​ |
| ​ | Jimmy E. Mason          | ​ | ​ | ​                                   | ​ |   550,000 | ​ | ​ | ​ | ​                               | ​ |   550,000 | ​ | ​ | ​ | ​                                      | ​ | 1,100,000 | ​ | ​ |
| ​ | Nicole C. Daniel        | ​ | ​ | ​                                   | ​ |   375,012 | ​ | ​ | ​ | ​                               | ​ |   375,012 | ​ | ​ | ​ | ​                                      | ​ |   750,023 | ​ | ​ |

(1) Reports PSUs at target award amount (100%); payout can be achieved at up to 200% of the target award amount. For 2024, the Compensation Committee determined that long-term equity incentive awards under the 2022 Plan would be split between PSUs (60%) and RSUs (40%) for the CEO and between PSUs (50%) and RSUs (50%) for the other NEOs, with the awards’ values based on the closing price of LP’s Common Stock on the grant date. On February 8, 2024, LP granted RSUs under the 2022 Plan. The 2024 RSUs will vest in three equal annual installments beginning on the first anniversary of the grant date, subject to acceleration upon certain events, and will be settled in shares of LP Common Stock. Also on February 8, 2024, LP granted PSUs under the 2022 Plan. The 2024 PSUs will vest on the third anniversary of the grant date based on achievement of the performance goal at the end of the three-year performance period ending on December 31, 2026, subject to acceleration upon certain events, and will be settled in shares of LP Common Stock. The performance goal for the 2024 PSUs is based on a three-year ROIC, with threshold, target and maximum levels for achievement of the goal. ROIC is a non-GAAP measure and is calculated by dividing average after-tax operating income for the performance period by the average invested capital (net debt plus equity) for the