IBP (IBP) CFO receives performance-based restricted stock awards vesting through 2030
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Installed Building Products, Inc. Executive VP & CFO Michael Thomas Miller reported equity awards of common stock. He acquired 7,397 performance-based restricted shares and a further 469 performance-based restricted shares at a price of $0.00 per share, reflecting stock-based compensation rather than an open-market purchase.
The larger award is scheduled to vest in two equal installments on April 20, 2027 and April 20, 2028, while the smaller award is scheduled to vest 100% on April 20, 2030, in each case subject to time-based vesting conditions. After these transactions, he directly holds 34,180 shares and indirectly holds 31,420 shares through a trust for which he is sole trustee and beneficiary.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Miller Michael Thomas
Role
Executive VP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 par value per share | 7,397 | $0.00 | -- |
| Grant/Award | Common Stock, $0.01 par value per share | 469 | $0.00 | -- |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.01 par value per share — 33,711 shares (Direct);
Common Stock, $0.01 par value per share — 31,420 shares (Indirect, By Trust)
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 shares are held by a trust of which Mr. Miller is the sole trustee and sole beneficiary and exercises sole voting and investment power.
FAQ
What insider transactions did IBP Executive VP & CFO Michael Thomas Miller report?
He reported receiving two grants of performance-based restricted common shares, totaling 7,866 shares, at $0.00 per share. These are equity awards under the 2023 Omnibus Incentive Plan, not open-market purchases, and are subject to future time-based vesting conditions.
What plan governs the IBP restricted stock awards granted to the CFO?
Both awards were granted under Installed Building Products, Inc.’s 2023 Omnibus Incentive Plan. They are performance-based restricted shares whose performance criteria for fiscal year 2025 were certified, and they now remain subject to time-based vesting schedules extending through 2028 and 2030.