IBP officer uses shares to cover tax withholding
Installed Building Products executive uses shares to cover taxes on vesting.
Rhea-AI Filing Summary
Installed Building Products executive uses shares to cover taxes on vesting. Chief Administrative & Sustainability Officer Jason R. Niswonger had 1,406 shares of common stock withheld at $309.45 per share to satisfy tax obligations when 3,155 restricted stock shares vested under the 2023 Omnibus Incentive Plan.
These withheld shares were not sold on the open market; they were retained by the company to pay taxes due on the equity award. After this tax-withholding disposition, Niswonger directly holds 16,667 shares of Installed Building Products common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, $0.01 par value per share | 1,406 | $309.45 | $435K |
Footnotes (1)
- F1. Represents shares withheld to satisfy tax withholding obligation on vesting of 3,155 shares of restricted stock pursuant to the 2023 Omnibus Incentive Plan.
Key Figures
Key Terms
restricted stock financial
2023 Omnibus Incentive Plan financial
tax withholding obligation financial
tax-withholding disposition financial
FAQ
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What insider transaction did IBP executive Jason R. Niswonger report?
What triggered the tax withholding event for IBP restricted stock?
What does a code "F" transaction mean in the IBP Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.