Installed Building Products (NYSE: IBP) CFO gifts 5,000 shares to charity
Rhea-AI Filing Summary
Installed Building Products Executive VP & CFO Michael Thomas Miller reported a bona fide gift of 5,000 shares of common stock to a charitable fund. The gifted shares were held indirectly through a trust where he is sole trustee and beneficiary. After the gift, he holds 26,420 shares indirectly via the trust and 34,180 shares directly.
Positive
- None.
Negative
- None.
Insights
CFO made a charitable share gift, not a market sale.
The filing shows that Executive VP & CFO Michael Thomas Miller disposed of 5,000 shares of Installed Building Products common stock as a bona fide gift to a charitable fund. This is coded as a gift (G), meaning no sale proceeds or market trade occurred.
The shares came from a trust where he is sole trustee and beneficiary, with sole voting and investment power, and are reported as indirect ownership. Following the gift, he still holds 26,420 shares indirectly through the trust and 34,180 shares directly, indicating a substantial remaining position.
Because this is a charitable transfer rather than an open-market transaction, it carries limited informational value about his view of the stock. It primarily reflects personal philanthropic activity while maintaining significant ongoing exposure to Installed Building Products equity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, $0.01 par value per share | 5,000 | $0.00 | -- |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
Footnotes (1)
- Reflects the gift of common stock to a charitable fund. These shares are held by a trust of which Mr. Miller is the sole trustee and sole beneficiary and exercises sole voting and investment power.