[Form 4] Installed Building Products, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Installed Building Products, Inc. (IBP) director and Executive VP & CFO Michael T. Miller reported a non‑derivative disposition on 09/11/2025. The Form 4 shows Mr. Miller disposed of 1,900 shares of common stock via a gift to a charitable fund, recorded with transaction code G(1) and a zero-dollar price. After the reported transfer, he beneficially owned 31,420 shares indirectly through a trust (he is sole trustee and sole beneficiary) and 26,314 shares directly. The filing notes the shares held in trust are under his sole voting and investment power.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider made a modest charitable gift; ownership and control remain with reporting person via trust.
The Form 4 discloses a gift of 1,900 shares by the CFO/director to a charitable fund, which is a non-market disposition and not sales-driven. Material control does not appear to change because Mr. Miller retains indirect ownership of 31,420 shares through a trust where he is sole trustee and sole beneficiary, exercising sole voting and investment power. For governance review, this is routine insider activity and does not signal a change in alignment between management and shareholders.
TL;DR: Transaction is a small charitable gift; negligible impact on float or valuation.
The 1,900‑share gift was executed under code G and reported at $0, indicating a transfer rather than a market sale. Relative to the reported total beneficial holdings, this is a minor decrease and unlikely to affect trading liquidity or valuation metrics. No derivative transactions or compensatory grants are disclosed. From a market standpoint, this Form 4 is informational and not materially impactful.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, $0.01 par value per share | 1,900 | $0.00 | -- |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
Footnotes (1)
- Reflects the gift of common stock to a charitable fund. 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.