Company: LPX
Filing Date: 2025-04-03
Form Type: 8-K
Source: 0000060519-25-000010
Chunk: 1

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-04-03
Form: 8-K
Item: Item 5.02
Chunk 1
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.10 to LP’s Form 10-K for the year ended December 31, 2024.

Retention Award

In connection with the internal reorganization, on April 2, 2025 the Compensation Committee of the Board approved a retention award to Alan J. M. Haughie, Executive Vice President, Chief Financial Officer of LP, of RSUs with a value equal to $2,250,000, effective April 7, 2025. The award was made under LP’s 2022 Omnibus Stock Award Plan, and the RSUs will vest in full on the third anniversary of the grant date, subject to Mr. Haughie’s continuous employment with LP through the vesting date. The number of RSUs awarded to Mr. Haughie will be calculated based on the closing price of LP’s common stock on April 7, 2025, the grant date.

Item 9.01 Financial Statements and Exhibits.