Form 4: Installed Building Products Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jason R. Niswonger, Chief Admin & Sustainability Officer of Installed Building Products, Inc., sold 959 shares to cover tax obligations arising from vesting restricted stock.
Summary
- On April 20, 2024, Jason R. Niswonger, Chief Admin & Sustainability Officer of Installed Building Products, Inc., disposed of 959 shares of common stock to satisfy tax withholding obligations.
- The shares were sold at a price of $221.34 per share.
- Following the transaction, Niswonger directly owns 19,159 shares of Installed Building Products, Inc.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (sale of shares for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale (tax obligations).
Key Dates
| Date | Description |
|---|---|
| 04/20/2024 | Date of the transaction where 959 shares were disposed of. |
| 04/23/2024 | Date of signature by Attorney-in-Fact. |
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