other material
confidence high
sentiment neutral
materiality 0.65
IBP to buy 150K shares from CEO's entity at $250.96 each (3% discount)
Installed Building Products, Inc.
- 150,000 shares repurchased from PJAM IBP Holdings (Beneficially owned by CEO Jeff Edwards) for $37.6M.
- Per-share price of $250.96 = 3% discount to Nov 21 close of $258.72; cash funded.
- Transaction approved by Board and Audit Committee; part of previously announced buyback program.
- The repurchase will close next business day or later upon condition satisfaction.