Company: LPX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001104659-25-028584
Chunk: 72

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 72
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 | ​ | $ |           93,331 | ​ |       ​ | ​ | ​ | $ |   143,834 | ​ |       ​ |   |   |

(1) Includes accrued but unpaid vacation based on the maximum allowed amount of 200 hours because the NEOs currently have balances greater than the maximum. This payment would be made in a lump sum. Assumes that there is no earned but unpaid 2024 base salary at December 31, 2024. (2) Calculated based on the closing price of the Common Stock on the NYSE on December 31, 2024 of $103.55 per share. PSUs were calculated assuming payout at target award amount (100%). (3) Includes vested account balance under LP’s Deferred Compensation Plan. This payment would be made in accordance with the NEO’s distribution selection under such plan. (4) Includes a pro-rata amount of the target annual cash incentive award under the 2024 Annual Incentive Plan. This payment would be made in a lump sum. (5) Includes (a) a cash amount equal to two (for the CEO) or one and a half (for the other NEOs) multiplied by the sum of (x) the NEO’s annual base salary, plus (y) the NEO’s target annual cash incentive, and (b) a reimbursement for COBRA payments for 24 months (for the CEO) or 18 months (for the other NEOs) after the termination date. The value of COBRA reimbursements was determined based on (i) current COBRA coverage rates for 2025-2026, and (ii) LP’s current costs of providing coverage at the coverage levels in effect for the NEO immediately prior to December 31, 2024. This payment would be made in a lump sum. (6) Payment of the RSUs would be made as soon as practicable after termination and payment of the PSUs would be made following the end of the applicable performance period and certification of the performance results, at the times specified in the related award agreements. (7) Includes outplacement services valued at $10,000. (8) Payments would be made in accordance with the related award agreements. (9) Includes (a) an amount equal to three times the sum of the NEO’s (x) annual base salary, plus (y) target annual cash incentive award under the Annual Incentive Plan, and (b) an amount equal to 36 months