Form 4: Installed Building Products Executive Sells Shares
SEC Form 4
Jason R. Niswonger, Chief Admin & Sustainability Officer of Installed Building Products, Inc., sold shares of the company's common stock on May 13, 2024.
Summary
- On May 13, 2024, Jason R. Niswonger, Chief Admin & Sustainability Officer of Installed Building Products, Inc., sold shares of the company's common stock.
- He sold 1,100 shares at a price of $230.95 per share and 4,900 shares at a weighted average price of $229.592 per share.
- The prices for the 4,900 shares ranged from $229.260 to $229.855.
- Following these transactions, Niswonger directly owns 13,159 shares of Installed Building Products, Inc.
Sentiment
Score: 5
Explanation: Neutral. This is a standard disclosure of stock sales by an executive, with no inherent positive or negative implications.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but it is a common practice and does not necessarily indicate a lack of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of stock sale transactions. |
| 05/14/2024 | Date of signature on the Form 4 filing. |
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