Company: LPX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001104659-25-028584
Chunk: 36

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 36
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 are entitled to receive one share of LP Common Stock for each DSU upon distribution. Pursuant to the Non-Employee Directors Compensation Plan, independent directors will have no rights of ownership in the shares of LP Common Stock underlying the DSUs, no right to current dividends, and no right to vote the shares of LP Common Stock underlying the DSUs until the date on which the shares of LP Common Stock underlying such DSUs are issued as a result of a Distribution Event. However, from and after the grant date of the DSUs and until such DSUs are settled in shares of LP Common Stock, on the date LP pays a dividend (if any) to holders of shares of LP Common Stock generally, independent directors holding DSUs will be credited with dividend equivalent additional DSUs equal to the number obtained by dividing (i) the amount of the dividend the independent director would have received had he or she owned a number of shares of LP Common Stock equal to the number of DSUs then credited to his or her DSU recordkeeping account, by (ii) the closing price of LP Common Stock on the day before the date of the dividend payment. Such dividend equivalent DSUs are credited to the independent director’s DSU recordkeeping account and paid to such independent director only if, and at the same time as, the shares of LP Common Stock underlying such DSUs are distributed to such independent director pursuant to the terms of the Non-Employee Directors Compensation Plan. Ms. Embree, Mr. Grasberger and Mr. Macadam elected to defer settlement of their 2024 RSU awards that are scheduled to vest on May 17, 2025 (except with respect to Ms. Embree, as described below), pursuant to the Non-Employee Directors Compensation Plan. Mr. Grasberger elected to defer his 2024 annual cash retainer to a lump sum payment on January 1, 2027 pursuant to the Non-Employee Directors Compensation Plan. LOUISIANA-PACIFIC CORPORATION ● 2025 PROXY STATEMENT | 33

TABLE OF CONTENTS CORPORATE GOVERNANCE

The following table summarizes compensation paid to non-employee directors for services during 2024.

| ​ | Name                       | ​ | ​ | FeesEarnedor Paid inCash($) |   |            |   | ​ | ​ | StockAwards(1)($) |   |            |   | ​ | ​ | Total($) |   |         |   | ​ |
| ​ | Jose A. Bayardo            | ​ |