Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| Installed Building Products, Inc.IBP · Entity 3769 | Chief Accounting Officer | April 20, 2026 | April 21, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
Installed Building Products, Inc.
Report date April 20, 2026 · Filed April 21, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common Stock, $0.01 par value per shareSEC Table I · non-derivative | Direct | 7,697 |
Reported balance
After 2026-04-20 transaction · row 1
1 source rowRow 1 · 2026-04-20 · Tax withholding · Disposed 756 · Balance 7,697 F1: Represents shares withheld to satisfy tax withholding obligation on vesting of 1,698 shares of restricted stock pursuant to the 2023 Omnibus Incentive Plan. |
Filing footnotes · ownership attribution and instrument terms
F1: Represents shares withheld to satisfy tax withholding obligation on vesting of 1,698 shares of restricted stock pursuant to the 2023 Omnibus Incentive Plan.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| April 20, 2026 Filed Apr 21, 2026 20:37 UTC | Installed Building Products, Inc. IBP · Entity 3769 | Tax withholdingCommon Stock, $0.01 par value per share | 756 | $309.45 | $233,944.20 |
DisclosureSEC source: 0001628280-26-026323 · wk-form4_1776803852.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 7,697 F1 · shares: Represents shares withheld to satisfy tax withholding obligation on vesting of 1,698 shares of restricted stock pursuant to the 2023 Omnibus Incentive Plan. Read SEC document |
| February 24, 2026 Filed Feb 26, 2026 21:31 UTC | Installed Building Products, Inc. IBP · Entity 3769 | GrantCommon Stock, $0.01 par value per share | 1,631 | $0.00 | $0.00 |
DisclosureSEC source: 0001628280-26-012342 · wk-form4_1772141495.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,453 F1 · shares: Represents performance-based restricted shares granted to the Reporting Person under the Issuer's 2023 Omnibus Incentive Plan. The Issuer's Compensation & Human Capital Committee certified the achievement of the performance criteria for fiscal year 2025 on February 24, 2026. The shares remain subject to a time-based vesting requirement and are scheduled to vest in two equal installments (rounded to the nearest whole share) on each of April 20, 2027 and April 20, 2028. Read SEC document |
| August 11, 2025 Filed Aug 13, 2025 20:37 UTC | Installed Building Products, Inc. IBP · Entity 3769 | SaleCommon Stock, $0.01 par value per share | 500 | $257.27 | $128,635.00 |
DisclosureSEC source: 0001580905-25-000026 · wk-form4_1755117457.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 6,822 Read SEC document |
| April 20, 2025 Filed Apr 22, 2025 20:30 UTC | Installed Building Products, Inc. IBP · Entity 3769 | Tax withholdingCommon Stock, $0.01 par value per share | 939 | $158.24 | $148,587.36 |
DisclosureSEC source: 0000950170-25-056783 · ownership.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 7,322 F1 · shares: Represents shares withheld to satisfy tax withholding obligation on vesting of 2,073 shares of restricted stock pursuant to the 2014 Omnibus Incentive Plan. Read SEC document |
| February 25, 2025 Filed Feb 27, 2025 21:30 UTC | Installed Building Products, Inc. IBP · Entity 3769 | GrantCommon Stock, $0.01 par value per share | 584 | $0.00 | $0.00 |
DisclosureSEC source: 0000950170-25-029115 · ownership.xml · nonDerivative · entry 2 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,261 F2 · shares: Represents restricted stock granted to the Reporting Person pursuant to the Issuer's 2023 Omnibus Incentive Plan. The shares vest 100% on April 20, 2028, subject to the employee's continued employment. Read SEC document |
| February 25, 2025 Filed Feb 27, 2025 21:30 UTC | Installed Building Products, Inc. IBP · Entity 3769 | GrantCommon Stock, $0.01 par value per share | 1,164 | $0.00 | $0.00 |
DisclosureSEC source: 0000950170-25-029115 · ownership.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 7,677 F1 · shares: Represents performance-based restricted shares granted to the Reporting Person under the Issuer's 2023 Omnibus Incentive Plan. The Issuer's Compensation & Human Capital Committee certified the achievement of the performance criteria for fiscal year 2024 on February 25, 2025. The shares remain subject to a time-based vesting requirement and are scheduled to vest in two equal installments (rounded to the nearest whole share) on each of April 20, 2026 and April 20, 2027. Read SEC document |
| April 20, 2024 Filed Apr 23, 2024 20:30 UTC | Installed Building Products, Inc. IBP · Entity 3769 | Tax withholdingCommon Stock, $0.01 par value per share | 663 | $221.34 | $146,748.42 |
DisclosureSEC source: 0000950170-24-046954 · ownership.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 6,513 F1 · shares: Represents shares withheld to satisfy tax withholding obligation on vesting of 1,466 shares of restricted stock pursuant to the 2014 Omnibus Incentive Plan. Read SEC document |
| March 11, 2024 Filed Mar 12, 2024 21:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | SaleCommon Stock, $0.01 par value per share | 500 | $233.50 | $116,750.00 |
DisclosureSEC source: 0000950170-24-030085 · ownership.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 7,176 Read SEC document |
| February 20, 2024 Filed Feb 22, 2024 23:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | GrantCommon Stock, $0.01 par value per share | 2,233 | $0.00 | $0.00 |
DisclosureSEC source: 0000950170-24-018968 · ownership.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 7,676 F1 · shares: Represents performance-based restricted shares granted to the Reporting Person under the Issuer's 2014 Omnibus Incentive Plan. The Issuer's Compensation & Human Capital Committee certified the achievement of the performance criteria for fiscal year 2023 on February 20, 2024. The shares remain subject to a time-based vesting requirement and are scheduled to vest in two equal installments (rounded to the nearest whole share) on each of April 20, 2025 and April 20, 2026. Read SEC document |
| August 09, 2023 Filed Aug 11, 2023 21:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | SaleCommon stock, $0.01 par value per share | 500 | $155.28 | $77,640.00 |
DisclosureSEC source: 0001209191-23-045459 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 5,443 Read SEC document |
| May 09, 2023 Filed May 11, 2023 21:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | SaleCommon Stock, $0.01 par value per share | 500 | $114.24 | $57,120.00 |
DisclosureSEC source: 0001209191-23-028810 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 5,943 Read SEC document |
| April 20, 2023 Filed Apr 24, 2023 21:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | Tax withholdingCommon Stock, $0.01 par value per share | 589 | $121.82 | $71,751.98 |
DisclosureSEC source: 0001209191-23-025420 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 6,443 F1 · shares: Represents shares withheld to satisfy tax withholding obligation on vesting of 1,301 shares of restricted stock pursuant to the 2014 Omnibus Incentive Plan. Read SEC document |
| March 13, 2023 Filed Mar 15, 2023 21:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | SaleCommon Stock, $0.01 par value per share | 500 | $107.32 | $53,660.00 |
DisclosureSEC source: 0001209191-23-018935 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,032 Read SEC document |
| February 20, 2023 Filed Feb 23, 2023 01:01 UTC | Installed Building Products, Inc. IBP · Entity 3769 | GrantCommon Stock, $0.01 par value per share | 1,913 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-23-011989 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,532 F1 · shares: Represents performance-based restricted shares granted to the Reporting Person under the Issuer's 2014 Omnibus Incentive Plan. The Issuer's Compensation & Human Capital Committee certified the achievement of the performance criteria for fiscal year 2022 on February 20, 2023. The shares remain subject to a time-based vesting requirement and are scheduled to vest in two equal installments (rounded to the nearest whole share) on each of April 20, 2024 and April 20, 2025. Read SEC document |
| April 20, 2022 Filed Apr 22, 2022 22:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | Tax withholdingCommon Stock, $0.01 par value, per share | 856 | $84.83 | $72,614.48 |
DisclosureSEC source: 0001209191-22-025424 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,619 F1 · shares: Represents shares withheld to satisfy tax withholding obligation on vesting of 1,890 shares of restricted stock pursuant to the 2014 Omnibus Incentive Plan. Read SEC document |
| February 22, 2022 Filed Feb 24, 2022 23:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | GrantCommon Stock, $0.01 par value per share | 1,018 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-22-012787 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,475 F1 · shares: Represents performance-based restricted shares granted to the Reporting Person under the Issuer's 2014 Omnibus Incentive Plan. The Issuer's Compensation Committee certified the achievement of the performance criteria for fiscal year 2021 on February 22, 2022. The shares remain subject to a time-based vesting requirement and are scheduled to vest in two equal installments (rounded to the nearest whole share) on each of April 20, 2023 and April 20, 2024. Read SEC document |
| November 22, 2021 Filed Nov 24, 2021 21:16 UTC | Installed Building Products, Inc. IBP · Entity 3769 | SaleCommon Stock, $0.01 par value per share | 500 | $138.43 | $69,215.30 |
DisclosureSEC source: 0001209191-21-066790 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,457 Read SEC document |
| June 10, 2021 Filed Jun 11, 2021 21:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | SaleCommon Stock, $0.01 par value per share | 500 | $115.00 | $57,500.00 |
DisclosureSEC source: 0001209191-21-039905 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,957 Read SEC document |
| April 20, 2021 Filed Apr 23, 2021 01:40 UTC | Installed Building Products, Inc. IBP · Entity 3769 | Tax withholdingCommon Stock, $0.01 par value, per share | 753 | $128.15 | $96,496.95 |
DisclosureSEC source: 0001209191-21-028052 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,457 F1 · shares: Represents shares withheld to satisfy tax withholding obligation on vesting of 1,662 shares of restricted stock pursuant to the 2014 Omnibus Incentive Plan. Read SEC document |
| February 22, 2021 Filed Feb 24, 2021 22:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | GrantCommon Stock, $0.01 par value per share | 1,585 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-013862 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,210 F1 · shares: Represents performance-based restricted shares granted to the Reporting Person under the Issuer's 2014 Omnibus Incentive Plan. The Issuer's Compensation Committee certified the achievement of the performance criteria for fiscal year 2020 on February 22, 2021. The shares remain subject to a time-based vesting requirement and are scheduled to vest in two equal installments (rounded to the nearest whole share) on each of April 20, 2022 and April 20, 2023. Read SEC document |
| September 09, 2020 Filed Sep 11, 2020 21:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | SaleCommon Stock, $0.01 par value per share | 1,000 | $94.90 | $94,902.40 |
DisclosureSEC source: 0001209191-20-050161 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,625 F1 · price: The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $94.84 to $94.96. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Read SEC document |
| April 20, 2020 Filed Apr 22, 2020 23:59 UTC | Installed Building Products, Inc. IBP · Entity 3769 | Tax withholdingCommon Stock, $0.01 par value per share | 765 | $38.79 | $29,674.35 |
DisclosureSEC source: 0001209191-20-025387 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,625 F1 · shares: Represents shares withheld to satisfy tax withholding obligation on vesting of 1,768 shares of restricted stock pursuant to the 2014 Omnibus Incentive Plan. Read SEC document |
| March 05, 2020 Filed Mar 9, 2020 21:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | SaleCommon Stock, $0.01 par value per share | 500 | $70.57 | $35,285.00 |
DisclosureSEC source: 0001209191-20-017331 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,390 Read SEC document |
| February 19, 2020 Filed Feb 21, 2020 22:00 UTC | Installed Building Products, Inc. IBP · Entity 3769 | GrantCommon Stock, $0.01 par value per share | 2,194 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-20-011603 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,890 F1 · shares: Represents performance-based restricted shares granted to the Reporting Person under the Issuer's 2014 Omnibus Incentive Plan. The Issuer's Compensation Committee certified the achievement of the performance criteria for fiscal year 2019 on February 19, 2020. The shares remain subject to a time-based vesting requirement and are scheduled to vest in two equal installments (rounded to the nearest whole share) on each of April 20, 2021 and April 20, 2022. Read SEC document |
| April 20, 2019 Filed Apr 24, 2019 01:43 UTC | Installed Building Products, Inc. IBP · Entity 3769 | Tax withholdingCommon Stock, $0.01 par value per share | 554 | $52.19 | $28,913.26 |
DisclosureSEC source: 0001209191-19-025660 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,696 F1 · shares: Represents shares withheld to satisfy tax withholding obligation on vesting of 1,888 shares of restricted stock pursuant to the 2014 Omnibus Incentive Plan. Read SEC document |
| February 26, 2019 Filed Feb 28, 2019 22:22 UTC | Installed Building Products, Inc. IBP · Entity 3769 | GrantCommon Stock, $0.01 par value per share | 1,131 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-19-014602 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,250 F1 · shares: Represents performance-based restricted shares granted to the Reporting Person under the Issuer's 2014 Omnibus Incentive Plan. The Issuer's Compensation Committee certified the achievement of the performance criteria for fiscal year 2018 on February 26, 2019. The shares remain subject to a time-based vesting requirement and are scheduled to vest in two equal installments (rounded to the nearest whole share) on each of April 20, 2020 and April 20, 2021. Read SEC document |
| April 20, 2018 Filed Apr 24, 2018 22:17 UTC | Installed Building Products, Inc. IBP · Entity 3769 | Tax withholdingCommon Stock, $0.01 par value per share | 328 | $55.25 | $18,122.00 |
DisclosureSEC source: 0001209191-18-026011 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,119 F1 · shares: Represents shares withheld to satisfy tax withholding obligation on vesting of 1,095 shares of restricted stock pursuant to the 2014 Omnibus Incentive Plan. Read SEC document |
| March 31, 2018 Filed Apr 4, 2018 22:12 UTC | Installed Building Products, Inc. IBP · Entity 3769 | Tax withholdingCommon Stock, $0.01 par value per share | 230 | $60.05 | $13,811.50 |
DisclosureSEC source: 0001209191-18-023879 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,447 F1 · shares: Represents shares withheld to satisfy tax withholding obligation on vesting of 765 shares of restricted stock pursuant to the 2014 Omnibus Incentive Plan. Read SEC document |
| February 21, 2018 Filed Feb 23, 2018 22:04 UTC | Installed Building Products, Inc. IBP · Entity 3769 | GrantCommon Stock, $0.01 par value per share | 1,586 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-18-013042 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,677 F1 · shares: These securities are performance-based restricted shares granted under the Issuer's 2014 Omnibus Incentive Plan. The Issuer's Compensation Committee certified on February 21, 2018 that the applicable performance criteria for fiscal year 2017 had been satisfied. These shares remain subject to a time-based vesting requirement and are scheduled to vest in two equal installments (rounded to the nearest whole share) on each of April 20, 2019 and April 20, 2020. Read SEC document |
| August 11, 2017 Filed Aug 15, 2017 20:24 UTC | Installed Building Products, Inc. IBP · Entity 3769 | SaleCommon Stock, $0.01 par value per share | 1,000 | $58.00 | $58,000.00 |
DisclosureSEC source: 0001209191-17-048968 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,091 Read SEC document |
| April 20, 2017 Filed Apr 22, 2017 01:17 UTC | Installed Building Products, Inc. IBP · Entity 3769 | Tax withholdingCommon Stock, $0.01 par value per share | 222 | $52.80 | $11,721.60 |
DisclosureSEC source: 0001209191-17-027922 · doc4.xml · nonDerivative · entry 2 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,091 F2 · shares: Shares relinquished to satisfy tax withholding for 685 shares vesting pursuant to the 2014 Omnibus Incentive Plan. Read SEC document |
| April 19, 2017 Filed Apr 22, 2017 01:17 UTC | Installed Building Products, Inc. IBP · Entity 3769 | GrantCommon Stock, $0.01 par value per share | 1,228 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-17-027922 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,313 F1 · shares: The shares vest in three equal installments (rounded to the nearest whole share) on each of April 20, 2018, April 20, 2019 and April 20, 2020. Read SEC document |
| March 31, 2017 Filed Apr 4, 2017 00:54 UTC | Installed Building Products, Inc. IBP · Entity 3769 | Tax withholdingCommon Stock, $0.01 par value per share | 266 | $52.75 | $14,031.50 |
DisclosureSEC source: 0001209191-17-024343 · doc4.xml · nonDerivative · entry 1 FRY TODD R · CIK 0001234942 · Chief Accounting Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,085 F1 · shares: Represents shares withheld to satisfy tax withholding obligation on vesting of 765 shares of restricted stock. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.