IBP CFO reports tax-withholding share disposition
Installed Building Products, Inc. Executive VP & CFO Michael Thomas Miller reported a routine tax-withholding share disposition related to equity compensation.
Rhea-AI Filing Summary
Installed Building Products, Inc. Executive VP & CFO Michael Thomas Miller reported a routine tax-withholding share disposition related to equity compensation. On the event date, 3,361 shares of common stock were withheld at $309.45 per share to satisfy tax obligations on the vesting of 8,544 restricted shares under the 2023 Omnibus Incentive Plan.
After this withholding, Miller directly held 30,819 common shares. Separately, an indirect holding entry shows 26,420 common shares held by a trust for which he serves as sole trustee and sole beneficiary with sole voting and investment power.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, $0.01 par value per share | 3,361 | $309.45 | $1.04M |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
Footnotes (2)
- F1. Represents shares withheld to satisfy tax withholding obligation on vesting of 8,544 shares of restricted stock pursuant to the 2023 Omnibus Incentive Plan.
- F2. 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.
Key Figures
Key Terms
tax withholding obligation financial
restricted stock financial
2023 Omnibus Incentive Plan financial
sole voting and investment power financial
FAQ
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What did IBP Executive VP & CFO Michael Thomas Miller report on this Form 4?
Is the Form 4 transaction by IBP’s CFO an open-market sale or a tax event?
What equity award triggered the tax-withholding transaction for IBP’s CFO?
AI-generated analysis. How Rhea-AI works. Not financial advice.