IBP COO reports routine tax withholding on vested shares
Installed Building Products, Inc. Chief Operating Officer Brad A. Wheeler reported a routine tax-related share disposition.
Rhea-AI Filing Summary
Installed Building Products, Inc. Chief Operating Officer Brad A. Wheeler reported a routine tax-related share disposition. On the vesting of 2,330 shares of restricted stock under the 2023 Omnibus Incentive Plan, 916 shares of common stock were withheld to cover tax obligations at a price of $309.45 per share. After this withholding, Wheeler directly holds 14,272 shares of Installed Building Products common stock. This was not an open-market sale but an administrative step tied to equity compensation.
Positive
- None.
Negative
- None.
Insights
COO’s Form 4 shows routine tax withholding, not an open-market sale.
Chief Operating Officer Brad A. Wheeler had 2,330 restricted shares vest, and 916 shares were withheld to satisfy tax obligations at $309.45 per share. This is coded as an F transaction, meaning a tax-withholding disposition.
Because the shares were not sold in the open market, this event carries little signaling value about Wheeler’s view of Installed Building Products, Inc.. Following the withholding, he directly holds 14,272 shares, indicating he retains a meaningful equity position after the compensation event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, $0.01 par value per share | 916 | $309.45 | $283K |
Footnotes (1)
- F1. Represents shares withheld to satisfy tax withholding obligation on vesting of 2,330 shares of restricted stock pursuant to the 2023 Omnibus Incentive Plan.
Key Figures
Key Terms
restricted stock financial
2023 Omnibus Incentive Plan financial
tax withholding obligation financial
Form 4 regulatory
FAQ
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What insider transaction did IBP’s COO Brad Wheeler report?
Was the IBP Form 4 filing a stock sale by the COO?
What triggered the tax withholding in the IBP Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.