IBP CEO Jeffrey Edwards receives new performance-based stock grants (NYSE: IBP)
Rhea-AI Filing Summary
Edwards Jeffrey W. reported acquisition or exercise transactions in this Form 4 filing.
Installed Building Products reported that President, CEO and Chairman Jeffrey W. Edwards received two grants totaling 23,857 shares of common stock as performance-based restricted share awards under the company’s 2023 Omnibus Incentive Plan, with no cash paid per share.
The compensation and human capital committee certified achievement of fiscal 2025 performance goals on February 24, 2026, triggering these awards, which remain subject to time-based vesting. Portions are scheduled to vest in equal installments on April 20, 2027 and April 20, 2028, with another award scheduled to vest 100% on April 20, 2030. Additional indirect holdings are reported through a child’s trust, Installed Building Systems, Inc., and PJAM IBP Holdings, Inc., where Edwards disclaims beneficial ownership beyond his economic interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 par value per share | 23,388 | $0.00 | -- |
| Grant/Award | Common Stock, $0.01 par value per share | 469 | $0.00 | -- |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
Footnotes (1)
- Represents performance-based restricted shares granted to the Reporting Person under the Issuer's 2023 Omnibus Incentive Plan. The Issuer's Compensation & Human Capital Committee certified the achievement of the performance criteria for fiscal year 2025 on February 24, 2026. The shares remain subject to a time-based vesting requirement and are scheduled to vest in two equal installments (rounded to the nearest whole share) on each of April 20, 2027 and April 20, 2028. Represents performance-based restricted shares granted to the Reporting Person under the Issuer's 2023 Omnibus Incentive Plan. The Issuer's Compensation & Human Capital Committee certified the achievement of the performance criteria for fiscal year 2025 on February 24, 2026. The shares remain subject to a time-based vesting requirement and are scheduled to vest 100% on April 20, 2030. These securities are held by a trust for the benefit of one of Mr. Edwards' children. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. These securities are held directly by Installed Building Systems, Inc. The Reporting Person disclaims beneficial ownership in the reported securities except to the extent of his pecuniary interest therein. These securities are held directly by PJAM IBP Holdings, Inc. ("PJAM"). The Reporting Person disclaims beneficial ownership in the reported securities except to the extent of his pecuniary interest therein. IBP Holding Company is the sole shareholder of PJAM.
