[Form 4] INSTALLED BUILDING PRODUCTS, INC. Insider Trading Activity
Installed Building Products insider William Jeffrey Hire reported two open-market sales on 08/14/2025. The Form 4 shows dispositions of 1,134 shares at a weighted average price of $266.2039 and 5,366 shares at $265.6059, both reported as sales. Following the reported transactions the filing lists 43,365 and 37,999 shares beneficially owned (direct); the form was signed by an attorney-in-fact on 08/15/2025. The disclosure includes an explanation that the first line price is a weighted average for multiple trades ranging from $266.195 to $266.2775.
- None.
- Insider dispositions: The reporting person sold a total of 6,500 shares on 08/14/2025 (1,134 and 5,366 shares).
- Limited disclosure of intent: The Form 4 does not indicate a Rule 10b5-1 plan or provide narrative context for the sales.
Insights
TL;DR: Insider sold 6,500 IBP shares in two transactions at roughly $265–$266 each; holdings remain material.
The filing documents two open-market dispositions totaling 6,500 shares on 08/14/2025, reported by William Jeffrey Hire, listed as President of External Affairs. Prices reported are a weighted average of $266.2039 and $265.6059; the first line reflects multiple executions between $266.195 and $266.2775. The report shows continuing direct beneficial ownership balances of 43,365 and 37,999 shares on the respective lines. For investors, this is a factual disclosure of insider selling activity without accompanying context on intent, timing rationale, or a Rule 10b5-1 plan.
TL;DR: Routine insider sale filing; no governance red flags but limited disclosure on plan or intent.
The Form 4 is a standard Section 16 disclosure documenting two sales by a reporting officer. It identifies the reporting person, relationship to the issuer, transaction dates, quantities, weighted-average prices, and post-transaction holdings. The form does not indicate a 10b5-1 plan box checked or other explanatory remarks beyond the weighted-average price note. From a governance perspective, the filing satisfies reporting requirements but does not provide additional information about whether the sales were pre-planned or opportunistic.