Carter Margot Lebenberg 4

What Happened Carter Margot Lebenberg, a director of Installed Building Products, Inc. (IBP), received a grant of 855 restricted common shares on May 19, 2026. The shares were granted at $0.00 (no cash exchanged) — total reported value $0 — and are reported as an award (transaction code A). The Form 4 covering the grant was filed on May 20, 2026.

Key Details

• Transaction date: May 19, 2026; Filing date: May 20, 2026.
• Transaction type: Grant/Award (code A).
• Shares granted: 855 restricted shares at $0.00 per share (reported value $0).
• Shares owned after transaction: not specified in the filing.
• Vesting: Per footnote F1 — vests upon the earlier of (i) one year after grant, (ii) immediately before the first annual meeting after the grant, or (iii) director’s death; vesting for (i) and (ii) requires continued board service from grant date.
• No tax-withholding sale, option exercise, or sale-to-cover reported in this filing. Filing appears timely (next-day Form 4).

Context This was a standard restricted stock award for a board member, commonly used as director compensation. Unlike purchases or insider sales, such awards reflect compensation planning and service-based vesting rather than an immediate market bet by the insider.