IBP (NYSE: IBP) executive uses 1,406 shares to satisfy tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Niswonger Jason R
Role
Chief Admin. & Sustainability
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.01 par value per share | 1,406 | $309.45 | $435K |
Holdings After Transaction:
Common Stock, $0.01 par value per share — 16,667 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,406 shares
Withholding price per share: $309.45 per share
Restricted shares vested: 3,155 shares
+1 more
4 metrics
Shares withheld for taxes
1,406 shares
Tax withholding on restricted stock vesting
Withholding price per share
$309.45 per share
Value used for tax-withholding shares
Restricted shares vested
3,155 shares
Restricted stock vesting under 2023 Omnibus Incentive Plan
Shares held after transaction
16,667 shares
Direct IBP common stock holdings post-transaction
Key Terms
restricted stock, 2023 Omnibus Incentive Plan, tax withholding obligation, tax-withholding disposition
4 terms
restricted stock financial
"vesting of 3,155 shares of restricted stock pursuant to the 2023 Omnibus Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2023 Omnibus Incentive Plan financial
"restricted stock pursuant to the 2023 Omnibus Incentive Plan"
tax withholding obligation financial
"shares withheld to satisfy tax withholding obligation on vesting"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did IBP executive Jason R. Niswonger report?
Jason R. Niswonger reported a tax-related share disposition, where 1,406 IBP common shares were withheld. The shares covered tax obligations triggered when 3,155 restricted stock shares vested under the 2023 Omnibus Incentive Plan, rather than being sold in the open market.
What triggered the tax withholding event for IBP restricted stock?
The tax withholding event was triggered by the vesting of 3,155 shares of restricted stock under IBP’s 2023 Omnibus Incentive Plan. When these shares vested, 1,406 shares were automatically withheld to cover associated tax liabilities, as disclosed in the Form 4 footnote.
What does a code "F" transaction mean in the IBP Form 4 filing?
In this IBP Form 4, code “F” indicates a tax-withholding disposition. It means shares were delivered back to the company to pay exercise price or tax liabilities on an equity award, rather than representing an elective buy or sell transaction in the open market.