other material
confidence high
sentiment neutral
materiality 0.55
IBP to repurchase 100,000 shares from CEO entity at $206.90/share, total $20.7M
Installed Building Products, Inc.
- Repurchases 100,000 shares from PJAM IBP Holdings, Inc., an entity beneficially owned by CEO Jeff Edwards.
- Price per share $206.90, a 3% discount to last close on Aug 13 ($213.30); total consideration ~$20.69M.
- Funded from cash on hand; approved by Board and Audit Committee; part of previously announced buyback program.
- Shares represent approximately 0.36% of outstanding common stock.