Niswonger Jason R 4

What Happened
Jason R. Niswonger, Chief Admin. & Sustainability of Installed Building Products (IBP), had 1,406 shares disposed on April 20, 2026 to satisfy a tax withholding obligation related to the vesting of restricted stock. The shares were valued at $309.45 each, for a total of approximately $435,087. This was a withholding to cover taxes on vested RSUs, not an open‑market sale signaling a change in ownership intent.

Key Details

• Transaction date: 2026-04-20; Filing date: 2026-04-21 (Form 4) — filing appears timely.
• Price per share: $309.45; Shares disposed/withheld: 1,406; Total value: ~$435,087.
• Footnote: F1 — 1,406 shares were withheld to satisfy tax withholding on the vesting of 3,155 restricted shares under the 2023 Omnibus Incentive Plan.
• Transaction code: F (payment of exercise price or tax liability).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
This was a cashless/withholding disposition to cover taxes upon RSU vesting, a routine administrative action that does not necessarily indicate insider sentiment. For retail investors, purchases by insiders can be more informative than tax withholdings; this transaction reflects compensation mechanics rather than a discretionary sale.