Miller Michael Thomas 4
4 · Installed Building Products, Inc. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Installed Building Products (IBP) CFO Michael Miller Buys 990 Shares
What Happened
- Michael Thomas Miller, Executive Vice President, Chief Financial Officer and director of Installed Building Products (IBP), made multiple open‑market purchases on June 11, 2026 totaling 990 shares for aggregate consideration of $198,610 (approx. $200.62 per share on average). Trades were reported on Form 4 as purchases (code P) across several price points and lots.
Key Details
- Transaction date: 2026-06-11 (filed 2026-06-15 — appears filed late vs. the usual 2‑business‑day Form 4 rule).
- Lots/prices: 10 purchase lines (65 @ $195.89; 278 @ $196.95; 145 @ $197.55; 14 @ $198.79; 1 @ $200.03; 133 @ $201.91; 99 @ $202.73; 20 @ $204.32; 80 @ $205.52; 155 @ $206.74). Per filing footnotes, the underlying trade prices on those lines ranged roughly $195.27 to $207.04 and the per‑line prices are weighted averages.
- Total: 990 shares, ~$198,610 total.
- Shares owned after transaction: not specified in the filing.
- Notable footnotes: F1–F9 explain that many lines reflect weighted averages across multiple trades; F10 indicates certain shares are held in a trust of which Mr. Miller is sole trustee and sole beneficiary and over which he has sole voting and investment power.
Context
- These were outright open‑market purchases (code P). Purchases by officers are often watched by investors as a more bullish signal than routine sales, but filings do not state motive. The filing appears to have been submitted four days after the trades, which is later than the typical 2‑business‑day Form 4 deadline.
Insider Transaction Report
Form 4
Miller Michael Thomas
DirectorExecutive VP & CFO
Transactions
- Purchase
Common Stock, $0.01 par value per share
[F1]2026-06-11$195.89/sh+65$12,733→ 33,284 total - Purchase
Common Stock, $0.01 par value per share
[F2]2026-06-11$196.95/sh+278$54,752→ 33,562 total - Purchase
Common Stock, $0.01 par value per share
[F3]2026-06-11$197.55/sh+145$28,645→ 33,707 total - Purchase
Common Stock, $0.01 par value per share
[F4]2026-06-11$198.79/sh+14$2,783→ 33,721 total - Purchase
Common Stock, $0.01 par value per share
2026-06-11$200.03/sh+1$200→ 33,722 total - Purchase
Common Stock, $0.01 par value per share
[F5]2026-06-11$201.91/sh+133$26,854→ 33,855 total - Purchase
Common Stock, $0.01 par value per share
[F6]2026-06-11$202.73/sh+99$20,070→ 33,954 total - Purchase
Common Stock, $0.01 par value per share
[F7]2026-06-11$204.32/sh+20$4,086→ 33,974 total - Purchase
Common Stock, $0.01 par value per share
[F8]2026-06-11$205.52/sh+80$16,442→ 34,054 total - Purchase
Common Stock, $0.01 par value per share
[F9]2026-06-11$206.74/sh+155$32,045→ 34,209 total
Holdings
- 26,420(indirect: By Trust)
Common Stock, $0.01 par value per share
[F10]
Footnotes (10)
- [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 $195.2738 to $196.2670. 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]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 $196.3250 to $197.3100. 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.
- [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 $197.3791 to $198.0100. 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 $198.4350 to $198.8410. 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 $201.3100 to $202.2750. 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 $202.4100 to $203.2123. 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 $203.9100 to $204.7300. 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 $204.9900 to $205.9500. 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 $206.5250 to $207.0400. 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|2026-06-15