Vanguard Group Discloses Zero Ownership in Installed Building Products After Internal Reorganization

The Vanguard Group filed a Schedule 13G/A amendment on March 27, 2026, disclosing that it no longer holds any shares of Installed Building Products Inc. (IBP) common stock as of March 13, 2026. This filing represents a significant change from previous holdings of 2,536,065 shares valued at approximately $657.8 million. The zero ownership position results from an internal realignment at Vanguard that occurred on January 12, 2026, where certain subsidiaries and business divisions now report beneficial ownership separately from The Vanguard Group, Inc. in accordance with SEC Release No. 34-39538. The filing confirms that Vanguard's ownership is now 5% or less of the outstanding shares and that the securities were acquired and held in the ordinary course of business without intent to influence control of the issuer. This is the 6th amendment to the Schedule 13G filing for this position.