Installed Building Products repurchases 200k shares from CEO's entity for $51.5M at 3% discount

Installed Building Products, Inc.

Repurchased 200,000 shares at $257.38/share (3% discount to Aug 18 close of $265.34) for total $51.476 million.
Shares bought from PJAM IBP Holdings, an entity beneficially owned by CEO Jeff Edwards.
Funded from cash on hand; part of previously announced stock buyback program.
Transaction approved by Board of Directors and Audit Committee.

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