Miller Michael Thomas 4
4 · Installed Building Products, Inc. · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Installed Building Products (IBP) CFO Michael Miller Buys 2,400 Shares
What Happened
Michael T. Miller, Executive Vice President, Chief Financial Officer and Director of Installed Building Products, made multiple open‑market purchases on May 11, 2026, acquiring a total of 2,400 shares at prices that ranged roughly from $203.57 to $217.91 per share. The aggregate cost of these buys was about $498,771. These were purchases (code P), which are direct insider buys rather than option exercises or gifts.
Key Details
- Transaction date: May 11, 2026; Form 4 filed May 12, 2026 (next day — timely).
- Total shares purchased: 2,400; total value: ~$498,771.
- Price range across trades: approximately $203.57 to $217.91 per share. Several line items use weighted average prices and list narrower sub‑ranges (see F1–F13). The filer offers to provide per‑trade price breakdowns to the SEC or issuer on request.
- Transaction type: Open‑market purchases (Reporting code P).
- Shares owned after transaction: Not stated in the provided filing details.
- Notable footnote on holdings (F14): Some shares are held in a trust of which Mr. Miller is sole trustee and sole beneficiary and for which he exercises sole voting and investment power.
Context
- Insider purchases are often watched by investors as a potential signal of confidence, but they are one data point and do not prove future performance. These were straightforward open‑market buys (not option exercises or gifting).
- The filing appears timely (filed the day after the trades). For further precision on how many shares traded at each exact price, the footnotes indicate the reporter can supply a per‑trade breakdown if requested.
Insider Transaction Report
Form 4
Miller Michael Thomas
DirectorExecutive VP & CFO
Transactions
- Purchase
Common Stock, $0.01 par value per share
[F1]2026-05-11$204.10/sh+244$49,800→ 31,063 total - Purchase
Common Stock, $0.01 par value per share
[F2]2026-05-11$205.08/sh+520$106,642→ 31,583 total - Purchase
Common Stock, $0.01 par value per share
[F3]2026-05-11$206.06/sh+802$165,260→ 32,385 total - Purchase
Common Stock, $0.01 par value per share
[F4]2026-05-11$207.04/sh+154$31,884→ 32,539 total - Purchase
Common Stock, $0.01 par value per share
[F5]2026-05-11$208.43/sh+110$22,927→ 32,649 total - Purchase
Common Stock, $0.01 par value per share
[F6]2026-05-11$209.31/sh+70$14,652→ 32,719 total - Purchase
Common Stock, $0.01 par value per share
[F7]2026-05-11$210.58/sh+40$8,423→ 32,759 total - Purchase
Common Stock, $0.01 par value per share
[F8]2026-05-11$211.48/sh+50$10,574→ 32,809 total - Purchase
Common Stock, $0.01 par value per share
[F9]2026-05-11$212.75/sh+20$4,255→ 32,829 total - Purchase
Common Stock, $0.01 par value per share
[F10]2026-05-11$213.88/sh+50$10,694→ 32,879 total - Purchase
Common Stock, $0.01 par value per share
[F11]2026-05-11$215.24/sh+30$6,457→ 32,909 total - Purchase
Common Stock, $0.01 par value per share
[F12]2026-05-11$216.33/sh+190$41,103→ 33,099 total - Purchase
Common Stock, $0.01 par value per share
[F13]2026-05-11$217.46/sh+110$23,921→ 33,209 total - Purchase
Common Stock, $0.01 par value per share
2026-05-11$217.91/sh+10$2,179→ 33,219 total
Holdings
- 26,420(indirect: By Trust)
Common Stock, $0.01 par value per share
[F14]
Footnotes (14)
- [F1]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $203.5700 to $204.5366. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F10]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $213.5600 to $214.3100. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F11]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $214.8000 to $215.2550. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F12]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $215.8050 to $216.7450. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F13]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $216.8600 to $217.8100. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F14]These shares are held by a trust of which Mr. Miller is the sole trustee and sole beneficiary and exercises sole voting and investment power.
- [F2]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $204.6200 to $205.6100. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F3]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $205.6250 to $206.5750. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F4]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $206.8050 to $207.6850. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F5]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $208.0250 to $208.9850. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F6]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $209.0400 to $209.8300. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F7]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $210.1400 to $211.0458. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F8]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $211.2688 to $212.0960. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F9]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $212.4521 to $213.0500. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
Signature
Michael T. Miller|2026-05-12