Lawrence Hilsheimer
Installed Building ProductsAbout Lawrence A. Hilsheimer
Lawrence A. Hilsheimer (age 67) is an independent Class III director at Installed Building Products (IBP) since 2014; his current term was up for election at the May 20, 2025 annual meeting. He serves as Audit Committee Chair and is a member of the Nominating & Corporate Governance (NCG) Committee. He is Executive Vice President and Chief Financial Officer at Greif, Inc. (2014–present), and holds a B.A. from The Ohio State University (Fisher College of Business) and a J.D. from Capital University Law School . The Board has affirmatively determined he is independent under SEC/NYSE rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Greif, Inc. | EVP & CFO | 2014–present | Public company finance leadership |
| The Scotts Miracle-Gro Company | EVP & CFO | — | Corporate finance leadership |
| Nationwide Mutual Insurance Company | EVP & CFO; President & COO (multiple business units) | — | Led operations at Nationwide Direct & Customer Solutions and Retirement Plans |
| Deloitte & Touche USA, LLP | Vice Chairman & Regional Managing Partner | — | Public accounting leadership |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| Root, Inc. | Lead Independent Director; Audit Committee Chair | Oct 2021–present | Public company board; audit leadership |
| Root Insurance Company | Audit Committee Chair | 2017–present | Subsidiary board oversight |
| National Veterans Memorial and Museum Foundation | Board Member | Nov 2021–present | Nonprofit governance |
| Battelle for Kids | Board Member | 2012–present | Finance committee |
Board Governance
- Committee assignments: Audit Committee Chair; member of Nominating & Corporate Governance Committee .
- Audit committee credentials: SEC “audit committee financial expert”; all members independent and financially literate; 5 meetings held in 2024 .
- Cybersecurity oversight: NACD CERT Certificate in Cybersecurity Oversight; Audit Committee has direct cybersecurity oversight with quarterly reporting .
- Independence: Board determined Hilsheimer has no material relationship with IBP and qualifies as independent under SEC/NYSE rules .
- Attendance: Board met 6 times in 2024; each director attended at least 75% of combined Board and committee meetings; independent directors held 4 executive sessions .
- Board leadership: Presiding Independent Director is Margot L. Carter; independent directors meet in executive session after every regular Board meeting .
Fixed Compensation
| Component | 2024 Amount ($) | Notes |
|---|---|---|
| Fees Earned or Paid in Cash | 110,842 | Director-specific cash payments |
| Standard Board Retainer | 85,000 | Policy rate (non-employee directors) |
| Audit Committee Chair Fee | 20,000 | Policy rate (chair) |
| NCG Committee Member Fee | 7,500 | Policy rate (non-chair) |
Performance Compensation
| Item | 2024 Detail | Notes |
|---|---|---|
| Annual Equity Grant (Restricted Stock) | 125,000 | Fair value on grant date (May 23, 2024; closing price $209.01) |
| Vesting Schedule | Earlier of: one-year anniversary, immediately prior to next annual meeting, or death; subject to continued service | Standard director vesting terms |
| Options Outstanding | 0 | No director stock options outstanding as of 12/31/2024 |
IBP does not use performance metrics (e.g., EBITDA, TSR) for non-employee director compensation; director equity grants are time-based restricted stock .
Other Directorships & Interlocks
| Company | Relationship to IBP | Potential Interlock/Transaction |
|---|---|---|
| Greif, Inc. (public) | Hilsheimer is EVP & CFO | No IBP related-party transactions disclosed involving Hilsheimer; IBP discloses transactions with Edwards-related entities and M/I Homes, not Greif . |
| Root, Inc. (public) | Lead independent director; audit chair | No IBP interlock issues disclosed . |
Expertise & Qualifications
- Public company financial reporting, capital structure, M&A, and risk management from CFO roles and Deloitte leadership .
- SEC audit committee financial expert designation .
- Cybersecurity oversight credential (NACD CERT) enhancing board oversight of cyber risk .
- Executive leadership and technology experience; broad board experience .
Equity Ownership
| Metric | As of Mar 25, 2025 | As of May 22, 2025 |
|---|---|---|
| Shares Beneficially Owned | 27,248 | 28,023 (after 775-share restricted stock grant on May 20, 2025) |
| Ownership % of Outstanding | <1% (Company table) | <1% (implied; no change to threshold stated) |
| Pledged/Hedged Shares | None disclosed for Hilsheimer; pledging/hedging prohibited for directors by policy | CEO exception only; directors subject to prohibition |
| Compliance with Director Ownership Guideline | IBP policy requires the greater of $425,000 or 5x cash retainer; all non-employee directors meet except Ms. Moore (on track) | Hilsheimer meets requirement |
Insider Trades (Form 4)
| Date | Security | Action | Shares | Price | Beneficially Owned After |
|---|---|---|---|---|---|
| May 20, 2025 | Common Stock (restricted stock) | Grant (A) | 775 | $0 | 28,023 |
Governance Assessment
- Strengths: Independent director and Audit Chair with SEC financial expert designation; strong finance and audit pedigree; formal cybersecurity oversight credential; active participation on governance-focused NCG Committee .
- Engagement: Board met six times in 2024; directors attended ≥75% of meetings; independent directors held four executive sessions, indicating active independent oversight .
- Alignment: Mix of cash ($110,842) and equity ($125,000) aligns director interests; capped director compensation under 2023 Omnibus Plan; no meeting fees; robust director ownership policy and compliance .
- Conflicts: No related-party transactions disclosed involving Hilsheimer; IBP’s related-party disclosures focus on Edwards-affiliated entities and M/I Homes; Audit Committee oversees related-party transaction policies .
- Investor signals: 2024 Say-on-Pay support ~96% reflects positive sentiment on IBP’s compensation governance (for executives), reinforcing board effectiveness perceptions .
- Policies: Prohibitions on hedging/pledging for directors; mandatory and discretionary clawbacks (executives); majority vote with resignation policy enhances accountability .
RED FLAGS: None disclosed specific to Hilsheimer (no attendance shortfall, no related-party transactions, no pledging/hedging exceptions). Ongoing vigilance warranted given multiple external commitments (CFO role at Greif and public board roles), but no conflicts are disclosed .