secwatch.observer — SEC 8-K summary
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Issuer:     Installed Building Products, Inc. (IBP)
CIK:        0001580905
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001580905-24-000040
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBP to repurchase 100,000 shares from CEO entity at $206.90/share, total $20.7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580905/000158090524000040/0001580905-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580905/000158090524000040/ibp-20240814.htm
  HTML page:      https://secwatch.observer/filing/0001580905-24-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer