Form 4: Installed Building Products Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
William Jeffrey Hire, President of External Affairs at Installed Building Products, sold 907 shares of common stock to cover tax obligations arising from the vesting of restricted stock.
Summary
- On April 20, 2025, William Jeffrey Hire, President of External Affairs at Installed Building Products, Inc., disposed of 907 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of 2,307 shares of restricted stock under the 2014 Omnibus Incentive Plan.
- The sale price was $158.24 per share.
- Following the transaction, Hire directly owns 44,499 shares of Installed Building Products, Inc.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (covering tax obligations) and doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 04/20/2025 | Date of transaction: Sale of 907 shares of common stock. |
| 04/22/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Installed Building Products, IBP, William Jeffrey Hire, Insider Trading, Stock Sale, Tax Obligations, Restricted Stock, Beneficial Ownership
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