IBP (NYSE: IBP) CAO granted 1,631 performance-based stock shares
Rhea-AI Filing Summary
FRY TODD R reported acquisition or exercise transactions in this Form 4 filing.
Installed Building Products Chief Accounting Officer Todd R. Fry received a grant of 1,631 shares of common stock as a performance-based restricted stock award under the 2023 Omnibus Incentive Plan. Following this award, he directly holds 8,453 shares. The award remains subject to time-based vesting, with the shares scheduled to vest in two equal installments on April 20, 2027 and April 20, 2028 after the Compensation & Human Capital Committee certified achievement of fiscal year 2025 performance criteria.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,631 shares
Net Buy
1 txn
Insider
FRY TODD R
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 par value per share | 1,631 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, $0.01 par value per share — 8,453 shares (Direct)
Footnotes (1)
- F1. 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.
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FAQ
What did IBP insider Todd R. Fry report on this Form 4 for IBP?
Todd R. Fry reported receiving 1,631 performance-based restricted shares of Installed Building Products common stock. The grant was made under the 2023 Omnibus Incentive Plan after performance criteria for fiscal year 2025 were certified and represents equity-based compensation rather than an open-market share purchase.
What type of IBP equity award did Todd R. Fry receive in this filing?
Todd R. Fry received performance-based restricted shares of Installed Building Products stock. The 1,631-share award was granted at no cash cost to him under the 2023 Omnibus Incentive Plan and is contingent on time-based vesting conditions following certification of fiscal year 2025 performance targets.