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.
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