Installed Building Products (NYSE: IBP) COO granted performance-based stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Installed Building Products, Inc. Chief Operating Officer Brad A. Wheeler reported equity awards of common stock. On February 24, 2026, he acquired 5,983 performance-based restricted shares at $0.00 per share and a separate award of 469 restricted shares, both under the 2023 Omnibus Incentive Plan.
The company’s Compensation & Human Capital Committee certified achievement of fiscal year 2025 performance criteria on that date. The 5,983-share award is scheduled to vest in two equal installments on April 20, 2027 and April 20, 2028, while the 469-share grant is scheduled to vest 100% on April 20, 2030, subject to time-based vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wheeler Brad A
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 par value per share | 5,983 | $0.00 | -- |
| Grant/Award | Common Stock, $0.01 par value per share | 469 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $0.01 par value per share — 14,719 shares (Direct)
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.
FAQ
What insider transaction did IBP COO Brad A. Wheeler report on this Form 4?
Brad A. Wheeler reported equity awards of common stock, not open-market trades. He received two grants of performance-based restricted shares under Installed Building Products’ 2023 Omnibus Incentive Plan, following certification of fiscal year 2025 performance criteria by the Compensation & Human Capital Committee.
Were Brad A. Wheeler’s IBP stock awards tied to performance goals?
Yes. Both awards consist of performance-based restricted shares granted under the 2023 Omnibus Incentive Plan. The Compensation & Human Capital Committee certified achievement of the relevant performance criteria for fiscal year 2025 on February 24, 2026, which triggered these equity awards.
How did these IBP stock awards affect Brad A. Wheeler’s direct ownership?
After the first 5,983-share grant, his direct holdings rose to 14,719 common shares. Following the second 469-share grant, his direct holdings increased to 15,188 shares, reflecting additional performance-based restricted stock under the company’s incentive plan.