Installed Building Products to repurchase 100,000 shares from Edwards family entity
On August 14, 2024, Installed Building Products entered into a share repurchase agreement to buy 100,000 shares of its common stock from PJAM IBP Holdings, an Edwards family entity, in a privately negotiated deal under its previously announced buyback program. The purchase totals $20.7 million, funded from cash on hand, and was approved by the board and audit committee because CEO Jeff Edwards has beneficial ownership of the shares.
Key points
- Price of $206.90 per share, a 3% discount to the August 13, 2024 last reported sale price
- Total purchase price of $20,690,000, funded from the company's cash on hand
- Seller is PJAM IBP Holdings, Inc.; CEO Jeff Edwards has beneficial ownership of the shares
- Approved by the Board of Directors and Audit Committee; agreement filed as Exhibit 10.1
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:58 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.