Miller Michael Thomas 4

What Happened
Michael Thomas Miller, Executive Vice President, Chief Financial Officer and a director of Installed Building Products, reported gifting 5,000 shares of common stock on March 11, 2026. The transaction is reported as a gift (code G) with no proceeds ($0.00 per share), reflecting a charitable transfer rather than a sale.

Key Details

• Transaction date: 2026-03-11; Filing date (Form 4): 2026-03-11.
• Transaction type: Gift (G) — 5,000 shares disposed, $0.00 per share, total reported value $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1: The 5,000 shares were gifted to a charitable fund.
  • F2: Some shares are held by a trust of which Mr. Miller is sole trustee and sole beneficiary and over which he exercises sole voting and investment power.
• Timeliness: Filing date matches the report period; no indication of a late filing in the provided data.

Context
Gifts to charitable funds are common and do not necessarily reflect the insider’s view of the company’s near-term prospects. This was a disposition by donation, not a market sale or a purchase; therefore it should not be interpreted as a direct market-driven sell signal.