IBP (IBP) CFO receives performance-based restricted stock awards vesting through 2030
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 par value per share | 7,397 | $0.00 | $0.00 |
| Grant/Award | Common Stock, $0.01 par value per share | 469 | $0.00 | $0.00 |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
Footnotes (3)
- 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.
- F2. 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.
- F3. 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.
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