Form 4: Installed Building Products Executive VP & CFO Michael Miller Reports Tax Withholding Transaction
SEC Form 4 Filing
Michael Miller, Executive VP & CFO of Installed Building Products, reports the withholding of shares to cover tax obligations upon vesting of restricted stock.
Summary
- Michael Miller, the Executive VP & CFO of Installed Building Products, Inc., filed a Form 4 on April 23, 2024.
- The form details a transaction on April 20, 2024, where 3,562 shares of common stock were withheld to satisfy tax obligations related to the vesting of 9,053 shares of restricted stock.
- Following the transaction, Miller directly owns 22,031 shares and indirectly owns 33,320 shares through a trust where he is the sole trustee and beneficiary.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard tax withholding transaction, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine tax withholding event.
Key Dates
| Date | Description |
|---|---|
| 04/20/2024 | Date of transaction: Shares withheld for tax obligations. |
| 04/23/2024 | Date of Form 4 filing. |
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