Installed Building Products, Inc. has entered into a Share Repurchase Agreement with PJAM IBP Holdings, Inc. on November 24, 2025.
The agreement involves the sale of 150,000 shares of common stock by the Selling Stockholder to the Company.
The Board of Directors and the Audit Committee of IBP have approved the transaction.
Shares Sold
The Selling Stockholder is selling 150,000 shares of IBP common stock.
Purchase Price
The Purchase Price per share is $250.96, representing a 3% discount from the last reported sales price.
Approval
The transaction has been approved by IBP's Board of Directors and Audit Committee.
- The agreement reflects IBP's confidence in its own stock and financial position.
- The repurchase of shares indicates management's belief in the long-term value of the company.
The Share Repurchase Agreement demonstrates Installed Building Products, Inc.'s commitment to enhancing shareholder value and confidence in the company's future prospects.