Miller Michael Thomas 4

What Happened
Michael Thomas Miller, Executive Vice President, Chief Financial Officer and a director of Installed Building Products, was granted two performance-based restricted stock awards on February 24, 2026: 7,397 shares and 469 shares (total 7,866). The awards were issued at $0 (no cash paid) after the Compensation & Human Capital Committee certified achievement of the applicable FY2025 performance criteria. The shares remain subject to time-based vesting and do not reflect an open-market purchase or sale.

Key Details

• Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (timely filing).
• Grants: 7,397 shares (footnote F1) and 469 shares (footnote F2); total 7,866 shares; acquisition price $0.
• Vesting: The 7,397-share award vests in two equal installments (rounded to whole shares) on April 20, 2027 and April 20, 2028. The 469-share award vests 100% on April 20, 2030.
• Footnote F3: Some shares are held in a trust of which Mr. Miller is the sole trustee and sole beneficiary and for which he has sole voting and investment power.
• Nature of transaction: Award/grant (code A); no sale, purchase, or option exercise reported.

Context
These are performance-based restricted stock awards—compensation granted after certification of performance metrics and subject to future time-based vesting. Because the shares are restricted and not sold immediately, the grants do not represent market buying or selling activity.