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Companies Installed Building Products, Inc.

Installed Building Products (IBP): executive pay, fiscal 2025

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CEO total pay$7,096,835CEO Jeffrey Edwards · source
Say-on-pay support97.3%Latest vote · source
CEO vs. named peers31st pct.Of 13 peer CEOs
CEO pay ratio106:1To the median employee · source

CEO pay, last three years

  • $5,932,174FY2023
  • $6,174,107FY2024
  • $7,096,835FY2025

CEO total pay was $7,096,835 in fiscal 2025, up from $6,174,107 in fiscal 2024.

FY2025: salary $900,000 · bonus $0 · stock awards $4,950,132 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Installed Building Products, Inc. in fiscal 2025?
As disclosed, Jeffrey Edwards (President, Chief Executive Officer and Chairman) was the highest-paid executive at Installed Building Products, Inc. in fiscal 2025, with total compensation of $7,096,835.
How does Installed Building Products, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Jeffrey Edwards's total compensation ranked at the 31st percentile of Installed Building Products, Inc.'s disclosed peer group.
What is Installed Building Products, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Installed Building Products, Inc.'s CEO-to-median employee pay ratio was 106:1.
How did shareholders vote on Installed Building Products, Inc.'s executive compensation?
As disclosed, 97.3% of shareholders supported Installed Building Products, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Installed Building Products, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Installed Building Products, Inc. reported total board compensation of $1,595,700 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jeffrey Edwards$900,000$0$4,950,132$0$1,209,000$0$37,703$7,096,835
President, Chief Executive Officer and Chairman
Michael Miller475,00002,010,1290441,750028,4562,955,335
Executive Vice President and Chief Financial Officer
Brad Wheeler485,00001,750,0540418,50003,8752,657,429
Chief Operating Officer
Jason Niswonger465,00001,225,1140269,700024,2081,984,022
Chief Administrative and Sustainability Officer
Jeffrey Hire450,0000325,0520209,250027,5781,011,880
President, External Affairs

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Jeffrey Edwards$7,096,835$6,174,107$5,932,174↑ +922,728
Michael Miller2,955,3352,193,7302,157,435↑ +761,605
Brad Wheeler2,657,4291,910,361—↑ +747,068
Jason Niswonger1,984,0221,257,1471,161,959↑ +726,875
Jeffrey Hire1,011,880965,255926,147↑ +46,625

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Company's executive compensation philosophy is to provide a competitive compensation package weighted toward Company performance and aligned with stockholders' long-term interests. The program is designed to attract, motivate, and retain exceptional executives by tying a significant amount of compensation to the achievement of performance metrics related to business strategy and financial performance, as well as the price of the Company's stock.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jeffrey EdwardsPSU2025-02-2512,57425,148—50,296$4,300,057
Michael MillerPSU2025-02-253,9777,954—15,9081,360,054
Jason NiswongerPSU2025-02-25—150,000—150,000150,000
Jason NiswongerPSU2025-02-251,6823,363—6,726575,039
Jeffrey EdwardsPSU2025-02-25—150,000—150,000150,000
Jeffrey EdwardsPSU2025-02-25—500,000—500,000500,000
Brad WheelerPSU2025-02-253,2176,433—12,8661,099,979
Jason NiswongerRSU2025-02-25——584—99,858
Jeffrey HirePSU2025-02-259511,901—3,802325,052
Brad WheelerRSU2025-02-25——584—99,858
Jason NiswongerPSU2025-02-25—500,000—500,000500,000
Brad WheelerPSU2025-02-25—150,000—150,000150,000
Brad WheelerPSU2025-02-25—500,000—500,000500,000
Jeffrey HirePSU2025-02-259511,901—3,802325,052
Michael MillerPSU2025-02-253,977150,000—150,000150,000
Michael MillerPSU2025-02-253,977500,000—500,000500,000

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeffrey Edwards$0$4,950,057$0100.0%
Michael Miller02,010,0540100.0%
Jason Niswonger99,8581,225,039092.5%
Brad Wheeler99,8581,749,979094.6%
Jeffrey Hire0650,1040100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jeffrey EdwardsRSU469—$121,654
Michael MillerRSU469—121,654
Brad WheelerRSU469—121,654
Jason NiswongerRSU469—121,654
Brad WheelerRSU584—151,484
Jason NiswongerRSU584—151,484
Jeffrey HirePSU1,213—314,640
Jeffrey HireRSU1,281—332,279
Jeffrey HireRSU1,768—458,602
Jason NiswongerPSU1,990—516,186
Jason NiswongerRSU2,329—604,119
Jason NiswongerRSU3,128—811,372
Brad WheelerPSU4,659—1,208,498
Jeffrey HireRSU5,375—1,394,221
Michael MillerPSU5,632—1,460,884
Michael MillerRSU5,824—1,510,687
Brad WheelerRSU5,983—1,551,930
Michael MillerRSU7,397—1,918,708
Jeffrey EdwardsPSU17,481—4,534,397
Jeffrey EdwardsRSU18,636—4,833,992
Jeffrey EdwardsRSU23,388—6,066,613
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Margot L. CarterIndependent · Nominating and Corporate Governance (Chair) · Audit$125,000$125,000$0—$0$250,000
Lawrence A. HilsheimerIndependent · Nominating and Corporate Governance · Audit (Chair)112,500125,0000—0237,500
Janet E. JacksonIndependent · Nominating and Corporate Governance · Compensation (Chair)110,000125,0000—0235,000
Marchelle E. MooreIndependent · Nominating and Corporate Governance · Compensation102,500125,0000—0227,500
David R. MeuseIndependent · Compensation95,000125,0000—0220,000
Michael H. ThomasIndependent · Audit90,700125,0000—0215,700
Robert H. SchottensteinIndependent85,000125,0000—0210,000
Michael T. MillerEmployee director—————0

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$125,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 17,500 / 15,000
Stock ownership guideline$5

Total cost of the board

ComponentFY2025
Cash retainers and fees$720,700
Equity awards (grant-date value)$875,000
All other compensation$0
Total cost of the board$1,595,700

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Installed Building Products as a peer

Companies that benchmark against IBP

9 companies name IBP as a compensation peer

The list of companies that name IBP as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Installed Building Products, Inc. names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Griffon Corporation2025Ronald Kramer$1,286,463$6,427,488$0$7,881,704$17,515,575
2Eagle Materials Inc2026Michael Haack1,119,4565,457,2701,657,8341,948,98710,302,728
3M/I Homes, Inc.2025Robert Schottenstein1,100,0004,945,34303,506,2509,914,773
4Tri Pointe Homes, Inc.2025Douglas Bauer1,000,0005,999,98101,635,0008,677,081
5Century Communities, Inc.2025Robert J. Francescon1,000,0004,622,11902,784,0038,510,773
6Meritage Homes Corporation2025Phillippe Lord1,000,0005,697,08501,352,0008,114,286
7Cavco Industries, Inc.2026Bill Boor1,100,0004,729,90702,120,9157,958,712
8TopBuild Corp.2025Robert Buck1,077,5005,657,28501,124,1707,873,810
9Simpson Manufacturing Co., Inc.2025Michael Olosky950,0005,383,38401,389,7137,768,355
10Installed Building Products, Inc.2025Jeffrey Edwards900,0004,950,13201,209,0007,096,835
11Apogee Enterprises, Inc.2026Ty Silberhorn627,3082,283,41901,208,5006,075,286
12Champion Homes Inc2026Tim Larson671,8753,712,15301,088,4345,485,676
13LGI Homes, Inc.2025Eric Lipar975,0004,143,842005,182,051
14Gibraltar Industries, Inc.2025William Bosway908,2693,202,4400274,5004,731,001

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Installed Building Products, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Apogee Enterprises, Inc.not disclosedRSU 50 · PSU 50NoMeridian Compensation Partners, LLC (current); Willis Towers Watson (through September 2025)
Cavco Industries, Inc.not disclosednot disclosedNoPearl Meyer Partners, LLC
Century Communities, Inc.94%PSU 100NoWealthPoint
Champion Homes Inc116.8%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (rTSR)Willis Towers Watson
Eagle Materials Incnot disclosedOptions 50 · PSU 25 · RSU 25Yes — Average Absolute Total Stockholder Return (Avg. A-TSR)Meridian Compensation Partners
Gibraltar Industries, Inc.25%PSU 64 · RSU 36NoWTW
Griffon Corporationnot disclosedPRSU 100not disclosedGallagher Human Resources and Compensation Consulting
LGI Homes, Inc.not disclosedPSU 80 · RSU 20NoMeridian Compensation Partners LLC
M/I Homes, Inc.94%not disclosedNoWTW
Meritage Homes Corporation41.6%PSU 50 · RSU 50NoPearl Meyer
Simpson Manufacturing Co., Inc.not disclosednot disclosednot disclosednot disclosed
TopBuild Corp.not disclosedPRSU 60 · RSU 40not disclosedWillis Towers Watson
Tri Pointe Homes, Inc.65.4%PSU 60 · RSU 40NoExequity

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1921,846,454595,09211,82697.3%Passed
20252025-05-2122,919,360552,5646,88597.62%Passed
20242024-05-2324,245,381785,06740,40096.71%Passed
20232023-05-2524,722,2561,153,17452,96495.35%Passed
20222022-05-2625,697,875727,506494,11695.46%Passed
20212021-05-2727,020,295200,32122,23199.18%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-05-1997.3%a
20252025-05-2197.62%b
20242024-05-2396.71%c

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes "AGAINST" this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes "AGAINST" this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes "AGAINST" this proposal.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)106 : 1
CEO total compensation$6,596,834
Median employee compensation$62,164
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (53 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Jeffrey Edwards. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table” · page 73. As printed: 7,096,835. View filing ↗
  • Section 01, Michael Miller. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table” · page 73. As printed: 2,955,335. View filing ↗
  • Section 01, Brad Wheeler. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table” · page 73. As printed: 2,657,429. View filing ↗
  • Section 01, Jason Niswonger. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table” · page 73. As printed: 1,984,022. View filing ↗
  • Section 01, Jeffrey Hire. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table” · page 73. As printed: 1,011,880. View filing ↗
  • Section 03, Jeffrey Edwards PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Miller PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Jason Niswonger PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Jason Niswonger PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Edwards PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Edwards PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Brad Wheeler PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Jason Niswonger RSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Hire PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Brad Wheeler RSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Jason Niswonger PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Brad Wheeler PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Brad Wheeler PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Hire PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Miller PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Miller PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-08. Section “CEO Pay Ratio”. As printed: 106 : 1. View filing ↗
  • Section 08, Margot L. Carter. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 250,000. View filing ↗
  • Section 08, Lawrence A. Hilsheimer. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 237,500. View filing ↗
  • Section 08, Janet E. Jackson. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 235,000. View filing ↗
  • Section 08, Marchelle E. Moore. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 227,500. View filing ↗
  • Section 08, David R. Meuse. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 220,000. View filing ↗
  • Section 08, Michael H. Thomas. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 215,700. View filing ↗
  • Section 08, Robert H. Schottenstein. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 210,000. View filing ↗
  • Section 08, Michael T. Miller. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-20. Item 5.07 · say-on-pay result. As reported: 97.3% (votes for as printed: 21,846,454). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-21. Item 5.07 · say-on-pay result. As reported: 97.62% (votes for as printed: 22,919,360). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-24. Item 5.07 · say-on-pay result. As reported: 96.71% (votes for as printed: 24,245,381). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 720,700 + equity 875,000 + all other 0 = 1,595,700, summed across the director compensation table rows.
  • Griffon Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-09. CEO total compensation as printed in Griffon Corporation's own proxy. As printed: 17,515,575. View filing ↗
  • Eagle Materials Inc, Section 10b CEO total. DEF 14A, filed 2026-06-15. CEO total compensation as printed in Eagle Materials Inc's own proxy. As printed: 10,302,728. View filing ↗
  • M/I Homes, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in M/I Homes, Inc.'s own proxy. As printed: 9,914,773. View filing ↗
  • Tri Pointe Homes, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-06. CEO total compensation as printed in Tri Pointe Homes, Inc.'s own proxy. As printed: 8,677,081. View filing ↗
  • Century Communities, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Century Communities, Inc.'s own proxy. As printed: 8,510,773. View filing ↗
  • Meritage Homes Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Meritage Homes Corporation's own proxy. As printed: 8,114,286. View filing ↗
  • Cavco Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-06-16. CEO total compensation as printed in Cavco Industries, Inc.'s own proxy. As printed: 7,958,712. View filing ↗
  • TopBuild Corp., Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in TopBuild Corp.'s own proxy. As printed: 7,873,810. View filing ↗
  • Simpson Manufacturing Co., Inc., Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Simpson Manufacturing Co., Inc.'s own proxy. As printed: 7,768,355. View filing ↗
  • Installed Building Products, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Installed Building Products, Inc.'s own proxy. As printed: 7,096,835. View filing ↗
  • Apogee Enterprises, Inc., Section 10b CEO total. DEF 14A, filed 2026-05-12. CEO total compensation as printed in Apogee Enterprises, Inc.'s own proxy. As printed: 6,075,286. View filing ↗
  • Champion Homes Inc, Section 10b CEO total. DEF 14A, filed 2026-06-18. CEO total compensation as printed in Champion Homes Inc's own proxy. As printed: 5,485,676. View filing ↗
  • LGI Homes, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in LGI Homes, Inc.'s own proxy. As printed: 5,182,051. View filing ↗
  • Gibraltar Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Gibraltar Industries, Inc.'s own proxy. As printed: 4,731,001. View filing ↗
  • Section 10a, TopBuild Corp. reciprocity. DEF 14A. TopBuild Corp. names Installed Building Products, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Champion Homes Inc reciprocity. DEF 14A. Champion Homes Inc names Installed Building Products, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Cavco Industries, Inc. reciprocity. DEF 14A. Cavco Industries, Inc. names Installed Building Products, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
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