IBP Installed Building Products, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 3/4 quarters. Q1 2026: $34M, Q3 2025: $21M, Q2 2025: $46M, Q1 2025: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $34M vs trailing avg $22M (+55%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-96M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 945,000 shares = 3.5% of 26,975,227 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

27 open-market purchases by 4 insiders

• Miller Michael Thomas (Executive VP & CFO) bought 65 shares at $195.89 on 2026-06-11
• Miller Michael Thomas (Executive VP & CFO) bought 278 shares at $196.95 on 2026-06-11
• Miller Michael Thomas (Executive VP & CFO) bought 145 shares at $197.55 on 2026-06-11
• Miller Michael Thomas (Executive VP & CFO) bought 14 shares at $198.79 on 2026-06-11
• Miller Michael Thomas (Executive VP & CFO) bought 1 shares at $200.03 on 2026-06-11
• Miller Michael Thomas (Executive VP & CFO) bought 133 shares at $201.91 on 2026-06-11
• Miller Michael Thomas (Executive VP & CFO) bought 99 shares at $202.73 on 2026-06-11
• Miller Michael Thomas (Executive VP & CFO) bought 20 shares at $204.32 on 2026-06-11
• Miller Michael Thomas (Executive VP & CFO) bought 80 shares at $205.52 on 2026-06-11
• Miller Michael Thomas (Executive VP & CFO) bought 155 shares at $206.74 on 2026-06-11

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 3 quarters and 27 insider purchases by 4 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $1M, sold $0M in the last 90 days (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 126.2x more than bought. 4 C-suite officers among sellers

• Edwards Jeffrey W. (President, CEO and Chairman) sold 400,000 shares on 2026-03-03
• HIRE WILLIAM JEFFREY (President of External Affairs) sold 4,900 shares on 2025-11-07
• HIRE WILLIAM JEFFREY (President of External Affairs) sold 100 shares on 2025-11-07
• Wheeler Brad A (Chief Operating Officer) sold 3,186 shares on 2025-08-26
• HIRE WILLIAM JEFFREY (President of External Affairs) sold 1,134 shares on 2025-08-14
• HIRE WILLIAM JEFFREY (President of External Affairs) sold 5,366 shares on 2025-08-14
• FRY TODD R (Chief Accounting Officer) sold 500 shares on 2025-08-11