<SEC-DOCUMENT>0001209191-23-049604.txt : 20230915
<SEC-HEADER>0001209191-23-049604.hdr.sgml : 20230915
<ACCEPTANCE-DATETIME>20230915165049
ACCESSION NUMBER:		0001209191-23-049604
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230913
FILED AS OF DATE:		20230915
DATE AS OF CHANGE:		20230915

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Edwards Jeffrey W.
		CENTRAL INDEX KEY:			0001598688

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36307
		FILM NUMBER:		231259278

	MAIL ADDRESS:	
		STREET 1:		C/O INSTALLED BUILDING PRODUCTS, INC.
		STREET 2:		495 SOUTH HIGH STREET, SUITE 50
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Installed Building Systems, Inc.
		CENTRAL INDEX KEY:			0001609975
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36307
		FILM NUMBER:		231259277

	BUSINESS ADDRESS:	
		STREET 1:		495 SOUTH HIGH STREET, SUITE 50
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215
		BUSINESS PHONE:		(614) 221-3399

	MAIL ADDRESS:	
		STREET 1:		495 SOUTH HIGH STREET, SUITE 50
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Installed Building Products, Inc.
		CENTRAL INDEX KEY:			0001580905
		STANDARD INDUSTRIAL CLASSIFICATION:	GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
		IRS NUMBER:				453707650
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		495 SOUTH HIGH STREET, SUITE 50
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215
		BUSINESS PHONE:		614-221-3399

	MAIL ADDRESS:	
		STREET 1:		495 SOUTH HIGH STREET, SUITE 50
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2023-09-13</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001580905</issuerCik>
        <issuerName>Installed Building Products, Inc.</issuerName>
        <issuerTradingSymbol>IBP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001598688</rptOwnerCik>
            <rptOwnerName>Edwards Jeffrey W.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O INSTALLED BUILDING PRODUCTS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>495 S. HIGH STREET, SUITE 50</rptOwnerStreet2>
            <rptOwnerCity>COLUMBUS</rptOwnerCity>
            <rptOwnerState>OH</rptOwnerState>
            <rptOwnerZipCode>43215</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President, CEO and Chairman</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001609975</rptOwnerCik>
            <rptOwnerName>Installed Building Systems, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O INSTALLED BUILDING PRODUCTS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>495 S. HIGH STREET, SUITE 50</rptOwnerStreet2>
            <rptOwnerCity>COLUMBUS</rptOwnerCity>
            <rptOwnerState>OH</rptOwnerState>
            <rptOwnerZipCode>43215</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Director by Deputization</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.01 par value per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1516194</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.01 par value per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2677819</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.01 par value per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>175181</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.01 par value per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>173408</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Forward sale contract (potential obligation to sell)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F4"/>
                <footnoteId id="F5"/>
                <footnoteId id="F6"/>
                <footnoteId id="F7"/>
                <footnoteId id="F8"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2023-09-13</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>1</equitySwapInvolved>
                <footnoteId id="F4"/>
                <footnoteId id="F5"/>
                <footnoteId id="F6"/>
                <footnoteId id="F7"/>
                <footnoteId id="F8"/>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>450000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                    <footnoteId id="F8"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F9"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F9"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>450000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>450000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F10"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">These securities are held directly by Installed Building Systems, Inc. (&quot;IBS&quot;). The Reporting Person, other than IBS, disclaims pecuniary interest in the reported securities except to the extent of his economic interest therein.  The Reporting Persons remain the beneficial owner of all Pledged Shares, as defined in Footnote 4, reported in Table II to the extent of his or its pecuniary interest therein.  The Reporting Person, other than IBS, also beneficially owns the other shares reported in Table I.</footnote>
        <footnote id="F2">These securities are held directly by PJAM IBP Holdings, Inc. (&quot;PJAM&quot;). The Reporting Persons disclaim pecuniary interest in the reported securities except to the extent of his or its economic interest therein. IBP Holding Company is the sole shareholder of PJAM.</footnote>
        <footnote id="F3">These securities are held by a trust for the benefit of one of Mr. Edwards' children. The Reporting Persons disclaim pecuniary interest in the reported securities except to the extent of his or its economic interest therein.</footnote>
        <footnote id="F4">IBS entered into two prepaid variable forward sale contracts with an unaffiliated third party buyer. IBS pledged an aggregate of 450,000 shares (the &quot;Pledged Shares&quot;) of Installed Building Products, Inc. common stock (&quot;Common Stock&quot;) to secure its obligations under the contracts, and retained dividend and voting rights in the Pledged Shares during the term of the pledge.</footnote>
        <footnote id="F5">The contracts obligate IBS to deliver to the buyer, on the applicable settlement date for each of the 12 components, up to one hundred percent (100%) of the number of Pledged Shares for such component or, at IBS' option, an equivalent amount of cash. The number of Common Stock to be delivered to the buyer on the settlement date (or on which to base the amount of cash to be delivered to the buyer on the settlement date) is to be determined as follows: (a) if the closing price of the Common Stock on the designated valuation date for the applicable component (each, a &quot;Settlement Price&quot;) is less than or equal to $120.9623 (the &quot;Floor Price&quot;), IBS will deliver to the buyer all of the Pledged Shares for the applicable component;</footnote>
        <footnote id="F6">(Continued from Footnote 2) (b) if such Settlement Price is greater than the Floor Price but less than or equal to $152.7944 (the &quot;Cap Price&quot;), IBS will deliver to the buyer the number of shares equal to one hundred percent (100%) of the Pledged Shares for the applicable component multiplied by a fraction, the numerator of which is the Floor Price and the denominator of which is such Settlement Price and</footnote>
        <footnote id="F7">(Continued from Footnote 3) (c) if such Settlement Price is greater than the Cap Price, IBS will deliver to the buyer the number of shares equal to one hundred percent (100%) of Pledged Shares for the applicable component multiplied by a fraction, the numerator of which is the Floor Price plus the excess of such Settlement Price over the Cap Price, and the denominator of which is such Settlement Price.</footnote>
        <footnote id="F8">In connection with the entry into the forward contracts described in Footnote (2), IBS is entitled to receive aggregate net cash payments (amounts receivable by it upon entry into the forward contract) of $46,869,694. Such amount was determined based on the market value of the Common Stock on September 13, 2023.</footnote>
        <footnote id="F9">Each component is exercisable on the same date as it expires, and the expiration dates for the components, occurs from August 14, 2025 to August 22, 2025 under one contract and from March 9, 2026 to March 13, 2026 under the other contract.</footnote>
        <footnote id="F10">These securities are held directly by IBS. The Reporting Person, other than IBS, disclaims pecuniary interest in the reported securities except to the extent of his economic interest therein.</footnote>
    </footnotes>

    <remarks>The Reporting Persons currently retain ownership of all shares of Installed Building Products, Inc. common stock that are subject to the Pledge Agreement and rights related thereto, including all voting rights.</remarks>

    <ownerSignature>
        <signatureName>/s/ Michael T. Miller, Attorney-in-Fact</signatureName>
        <signatureDate>2023-09-15</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Michael T. Miller, Attorney-in-Fact for Installed Building Systems, Inc.</signatureName>
        <signatureDate>2023-09-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
