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 2/4 quarters. Q3 2025: $21M, Q2 2025: $46M, Q1 2025: $0M, Q3 2024: $0M

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

Latest quarter $21M vs trailing avg $15M (+36%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Buyback $66M / FCF $19M = 349% of FCF

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

Repurchased 745,000 shares = 2.7% of 27,758,491 outstanding (annualized)

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

11 open-market purchases by 4 insiders

• Miller Michael Thomas (Executive VP & CFO) bought 400 shares at $162.99 on 2025-05-16
• Miller Michael Thomas (Executive VP & CFO) bought 600 shares at $164.00 on 2025-05-16
• Miller Michael Thomas (Executive VP & CFO) bought 303 shares at $165.19 on 2025-05-16
• Miller Michael Thomas (Executive VP & CFO) bought 1,147 shares at $166.28 on 2025-05-16
• Miller Michael Thomas (Executive VP & CFO) bought 300 shares at $167.03 on 2025-05-16
• Hilsheimer Lawrence A. () bought 513 shares at $97.30 on 2022-02-28
• THOMAS MICHAEL H () bought 1,000 shares at $41.65 on 2020-03-13
• Hilsheimer Lawrence A. () bought 1,100 shares at $43.60 on 2020-03-12
• THOMAS MICHAEL H () bought 2,500 shares at $42.51 on 2020-03-12
• Verma Vikas () bought 3,372 shares at $42.25 on 2020-03-12

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $2M, sold $409M (net selling)

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 261.1x more than bought. 7 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
• Niswonger Jason R (Chief Admin & Sustainability) sold 1,100 shares on 2024-05-13
• Niswonger Jason R (Chief Admin & Sustainability) sold 4,900 shares on 2024-05-13
• FRY TODD R (Chief Accounting Officer) sold 500 shares on 2024-03-11