Company: LPX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001104659-25-028584
Chunk: 51

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 51
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 including the previously-disclosed modification in October 2023. The threshold, target and maximum performance levels for the performance goal and the payout results for the 2022 PSUs (with the performance period beginning on January 1, 2022 and ending on December 31, 2024) are summarized below:

| ​ 
 ​ |       ​ 
    Year 
 Granted | ​ 
 ​ | ​ 
 ​ | ​                 
 PerformancePeriod | ​ 
 ​ | ​ 
 ​ | ​                                             
 Goal                                          | ​ 
 ​ | ​ 
 ​ | Cumulative Company Adjusted EBITDA 
 Weighting                          | ​ | ​ | ActualResults($M) |   |       |   | ​ | ​ | ThresholdPerformanceLevel($M) |   |       |   | ​ | ​ | TargetPerformanceLevel($M) |   |       |   | ​ | ​ | MaximumPerformanceLevel($M) |   |       |   | ​ | ​ | % ofTargetAwardAttained | ​ 
 ​ |
|:--|--------:|:--|:--|:------------------|:--|:--|:----------------------------------------------|:--|:--|:-----------------------------------|:--|:--|:------------------|:--|------:|:--|:--|:--|:------------------------------|:--|------:|:--|:--|:--|:---------------------------|:--|------:|:--|:--|:--|:----------------------------|:--|------:|:--|:--|:--|:------------------------|:--|
| ​ |    2022 | ​ | ​ | 3 years           | ​ | ​ | Cumulative Company AdjustedEBITDA improvement | ​ | ​ | 100%                               | ​ | ​ | ​                 | $ | 2,557 | ​ | ​ | ​ | ​                             | $ | 2,846 | ​ | ​ | ​ | ​                          | $ | 3,056 | ​ | ​ | ​ | ​                           | $ | 3,266 | ​ | ​ | ​ | 0.0%                    | ​ |

The overall results ended $289 million below the threshold performance level resulting in a payout value equal to 0% of the target PSU award amounts based on the three-year Cumulative Company Adjusted EBITDA improvement goal, as modified. Payout of the shares underlying the 2022 PSU awards would have been subject to