IBP Insider Jeffrey Edwards Discloses 4.5M+ Shares in 13G/A Filing
Ticker: IBP · Form: SC 13G/A · Filed: Jan 31, 2024 · CIK: 1580905
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, passive-investing
TL;DR
**Insider Jeffrey Edwards still holds over 4.5 million shares of IBP, showing strong conviction.**
AI Summary
Jeffrey W. Edwards, a key insider at Installed Building Products, Inc. (IBP), filed an amended Schedule 13G/A on January 31, 2024, disclosing his beneficial ownership as of December 31, 2023. He reported sole voting and dispositive power over 168,178 shares and shared voting and dispositive power over 4,367,421 shares of the company's common stock. This filing indicates a significant, though potentially stable, insider stake, which can be a positive signal for investors as it shows an executive's continued alignment with shareholder interests.
Why It Matters
This filing shows that a significant insider, Jeffrey W. Edwards, maintains a substantial ownership stake in Installed Building Products, Inc., which can signal confidence in the company's future performance.
Risk Assessment
Risk Level: low — This filing is an amendment to a passive ownership report and does not indicate any immediate change in control or significant new risks.
Analyst Insight
Investors should note the continued significant insider ownership by Jeffrey W. Edwards, which can be a positive indicator of management's alignment with shareholder interests, but this filing itself doesn't suggest an immediate buy or sell action.
Key Numbers
- 168,178 — Shares with Sole Voting Power (Represents shares Jeffrey W. Edwards can vote and dispose of independently.)
- 4,367,421 — Shares with Shared Voting Power (Represents shares Jeffrey W. Edwards shares voting and dispositive power over, indicating a larger controlled block.)
- 45780R101 — CUSIP Number (Unique identifier for Installed Building Products, Inc. Common Stock.)
- December 31, 2023 — Date of Event (The date as of which the ownership information was reported.)
Key Players & Entities
- Jeffrey W. Edwards (person) — Reporting Person, insider at Installed Building Products, Inc.
- Installed Building Products, Inc. (company) — The issuer of the securities being reported on.
- United States of America (country) — Citizenship of the reporting person.
Forward-Looking Statements
- Jeffrey W. Edwards will maintain a significant ownership stake in Installed Building Products, Inc. (Jeffrey W. Edwards) — high confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Jeffrey W. Edwards, as stated in Item 1 of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is Installed Building Products, Inc., as identified in the filing's header and body.
As of what date is the ownership information reported in this filing?
The date of the event which requires this filing is December 31, 2023, as specified on the cover page.
How many shares does Jeffrey W. Edwards have sole voting power over?
Jeffrey W. Edwards has sole voting power over 168,178 shares, as reported in Item 5 of the cover page.
How many shares does Jeffrey W. Edwards have shared dispositive power over?
Jeffrey W. Edwards has shared dispositive power over 4,367,421 shares, as reported in Item 8 of the cover page.
Filing Stats: 1,480 words · 6 min read · ~5 pages · Grade level 7.2 · Accepted 2024-01-31 16:27:52
Key Financial Figures
- $0.01 — me of Issuer) Common Stock, par value $0.01 (Title of Class of Securities) 4578
Filing Documents
- 13ga_amendment_8_edwards.htm (SC 13G/A) — 130KB
- ibp-ex99_1.htm (EX-99.1) — 17KB
- 0000950170-24-009426.txt ( ) — 149KB
If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person is a
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person is a: Not Applicable 6 CUSIP No. 45780R101
Ownership
Item 4. Ownership. Jeffrey W. Edwards (a) Amount beneficially owned: 4,535,599 (b) Percent of class: 16.0%* (c)(i) Sole power to vote or to direct the vote: 168,178 (c)(ii) Shared power to vote or to direct the vote: 4,367,421 (c)(iii) Sole power to dispose or to direct the disposition of: 168,178 (c)(iv) Shared power to dispose or to direct the disposition of: 4,367,421 Mr. Edwards has shared voting and dispositive power over the shares directly held by PJAM and IBS. Additionally, Mr. Edwards may be deemed to have shared power to vote or dispose of 173,408 shares held in a trust for the benefit of one of Mr. Edwards’ children. Tremont FT, Inc. is the trustee of the trust. Mr. Edwards disclaims any beneficial ownership of shares in which he does not have a pecuniary interest. IBP Holding Company (a) Amount beneficially owned: 2,677,819 (b) Percent of class: 9.4%* (c)(i) Sole power to vote or to direct the vote: 0 (c)(ii) Shared power to vote or to direct the vote: 2,677,819 (c)(iii) Sole power to dispose or to direct the disposition of: 0 (c)(iv) Shared power to dispose or to direct the disposition of: 2,677,819 IBP Holding is the sole shareholder of PJAM and is deemed to have voting and dispositive power over the shares directly held by PJAM. PJAM IBP Holdings, Inc. (a) Amount beneficially owned: 2,677,819 (b) Percent of class: 9.4%* (c)(i) Sole power to vote or to direct the vote: 0 (c)(ii) Shared power to vote or to direct the vote: 2,677,819 (c)(iii) Sole power to dispose or to direct the disposition of: 0 (c)(iv) Shared power to dispose or to direct the disposition of: 2,677,819 Installed Building Systems, Inc. (a) Amount beneficially owned: 1,516,194 (b) Percent of class: 5.3%* (c)(i) Sole power to vote or to direct the vote: 0 (c)(ii) Shared power to vote or to direct the vote: 1,516,194 (c)(iii) Sole power to dispose or to direct the disposition of: 0 (c)(iv) Shared power to dispose or to dir
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following .
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable 7 CUSIP No. 45780R101 Item 7. Identification and Classification of the Subsidiary Which Acquired the Securing Being Reported on by the Parent Holding Company. Not Applicable
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not Applicable
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not Applicable
Certification
Item 10. Certification. Not Applicable 8 CUSIP No. 45780R101 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 31, 2024 /s/ Jeffrey W. Edwards Jeffrey W. Edwards (Individually) IBP HOLDING COMPANY BY: /s/ Jeffrey W. Edwards Jeffrey W. Edwards President PJAM IBP HOLDINGS, INC. BY: /s/ Jeffrey W. Edwards Jeffrey W. Edwards President INSTALLED BUILDING SYSTEMS, INC. BY: /s/ Jeffrey W. Edwards Jeffrey W. Edwards President 9