Company: LPX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001104659-25-028584
Chunk: 58

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 58
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 be entitled to recover any such amounts under the Recoupment Policy. Executive Stock Ownership Guidelines LP strongly believes the financial interests of its executive officers should be aligned with those of its stakeholders. Accordingly, the Compensation Committee has established meaningful Stock Ownership Guidelines for LP’s executive officers. Each of LP’s executive officers is expected to own shares of Common Stock in an amount equivalent to a multiple of such executive officer’s annual base salary as set forth in the following table. Compliance is measured annually at the first regularly scheduled Compensation Committee meeting of the calendar year.

| ​ | Tier                     | ​ | ​ |   |   |   | Base SalaryMultiple | ​ |
| ​ | Chief Executive Officer  | ​ | ​ | ​ | ​ | 5 | ​                   | ​ |
| ​ | Executive Vice President | ​ | ​ | ​ | ​ | 3 | ​                   | ​ |
| ​ | Senior Vice President    | ​ | ​ | ​ | ​ | 2 | ​                   | ​ |

LOUISIANA-PACIFIC CORPORATION ● 2025 PROXY STATEMENT | 54

TABLE OF CONTENTS COMPENSATION OF EXECUTIVE OFFICERS Pursuant to the Stock Ownership Guidelines, restricted stock, PSUs subject to time vesting only (based on the minimum number of shares that may be earned) and RSUs that have not yet vested, count toward stock ownership requirements for executive officers. The following are not counted towards the ownership requirements (i) PSUs conditioned on the satisfaction of performance goals, and (ii) shares subject to outstanding stock options and SSARs. For 2024, all NEOs met the Stock Ownership Guidelines. Insider Trading and Hedging Prohibitions LP’s Insider Trading Policy mandates that directors, officers and employees of LP and their family members do not trade in LP securities while in possession of material nonpublic information about LP and requires that insiders review certain transactions involving LP securities with the General Counsel, CFO or CEO prior to entering into the transactions. For purposes of this policy, gifts, pledges and other transfers are treated the same as sales of LP securities. LP’s Insider Trading Policy also prohibits LP’s directors, executive officers, and certain employees at LP from engaging in short-term, hedging or speculative transactions, as further described under the heading “Corporate Governance—Anti-Hedging and Anti-Pledging Policy” above. Tax Deduction for Executive Compensation Section 162(m) of the Internal Revenue Code generally limits the deductibility of compensation in excess of $1,000,000 per