Installed Building Products (IBP) executive has shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Installed Building Products, Inc. President of External Affairs William Jeffrey Hire reported a tax-related share disposition. On the vesting of 7,229 shares of restricted stock under the 2023 Omnibus Incentive Plan, 2,844 shares of common stock were withheld at $309.45 per share to satisfy tax obligations. After this withholding, he directly holds 31,923 shares of common stock. This was a tax-withholding event, not an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HIRE WILLIAM JEFFREY
Role
President of External Affairs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.01 par value per share | 2,844 | $309.45 | $880K |
Holdings After Transaction:
Common Stock, $0.01 par value per share — 31,923 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,844 shares
Post-transaction holdings: 31,923 shares
Vested restricted stock: 7,229 shares
+1 more
4 metrics
Shares withheld for taxes
2,844 shares
Withheld at $309.45 per share to satisfy tax obligation
Post-transaction holdings
31,923 shares
Common stock directly held after tax-withholding disposition
Vested restricted stock
7,229 shares
Restricted stock vesting under 2023 Omnibus Incentive Plan
Implied withholding price
$309.45 per share
Price per share for 2,844 withheld shares
Key Terms
restricted stock, 2023 Omnibus Incentive Plan, tax withholding obligation, Common Stock, $0.01 par value per share
4 terms
restricted stock financial
"vesting of 7,229 shares of restricted stock pursuant to the 2023 Omnibus Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2023 Omnibus Incentive Plan financial
"restricted stock pursuant to the 2023 Omnibus Incentive Plan"
tax withholding obligation financial
"Represents shares withheld to satisfy tax withholding obligation on vesting"
FAQ
What insider transaction did IBP executive William Jeffrey Hire report?
William Jeffrey Hire reported a tax-withholding disposition of shares. When 7,229 restricted shares vested, 2,844 common shares were withheld at $309.45 each to cover tax obligations, leaving him with 31,923 directly held shares after the transaction.
Was the IBP Form 4 for William Jeffrey Hire an open-market stock sale?
No, it was not an open-market sale. The 2,844 IBP shares were withheld by the company to satisfy tax obligations on vesting of restricted stock granted under the 2023 Omnibus Incentive Plan, a routine compensation-related event.