Jeffrey W. Edwards - Aug 14, 2024 Form 4 Insider Report for Installed Building Products, Inc. (IBP)

Role
President, CEO and Chairman, Director, 10%+ Owner
Signature
/s/ Michael T. Miller, Attorney-in-Fact for Jeffrey W. Edwards
Stock symbol
IBP
Transactions as of
Aug 14, 2024
Transactions value $
-$20,690,000
Form type
4
Date filed
8/15/2024, 04:30 PM
Previous filing
May 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBP Common Stock, $0.01 par value per share Disposed to Issuer -$20.7M -100K -3.73% $206.90 2.58M Aug 14, 2024 See footnote F1, F2
holding IBP Common Stock, $0.01 par value per share 1.42M Aug 14, 2024 See footnote F3
holding IBP Common Stock, $0.01 par value per share 196K Aug 14, 2024 Direct
holding IBP Common Stock, $0.01 par value per share 173K Aug 14, 2024 See footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Issuer's previously announced stock buyback program, the Issuer entered into a Share Repurchase Agreement with PJAM IBP Holdings, Inc. ("PJAM") for the purchase of 100,000 shares of its common stock in a privately-negotiated transaction for an aggregate purchase price of $20,690,000. The repurchase was approved by the company's board of directors and is exempt from Section 16(b) by virtue of Rule 16b-3(e). IBP Holding Company is the sole shareholder of PJAM.
F2 These securities are held directly by PJAM. The Reporting Persons, other than PJAM, disclaims pecuniary interest in the reported securities except to the extent of his or its economic interest therein.
F3 These securities are held directly by Installed Building Systems, Inc. The Reporting Persons, other than Installed Building Systems, Inc., disclaims beneficial ownership in the reported securities except to the extent of his or its pecuniary interest therein.
F4 These securities are held by a trust for the benefit of one of Mr. Edwards' children. The Reporting Persons disclaim beneficial ownership in the reported securities except to the extent of his or its economic interest therein.