Interface: Laurel Hurd proposes sale of 7,000 shares
The shares identified for sale were acquired through restricted-stock vesting on April 18, 2023.
Rhea-AI Filing Summary
INTERFACE INC reports a proposed sale by Laurel Hurd of 7,000 common shares, with an aggregate market value of $244,930; the approximate sale date is September 24, 2026, through Fidelity Brokerage Services LLC. The notice says the shares came from restricted-stock vesting on April 18, 2023, and reports that Laurel Hurd sold 7,000 common shares for $273,630 on August 24, 2026.
Positive
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Negative
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Key Figures
Proposed sale: 7,000 common shares
Aggregate market value of proposed sale: $244,930
Prior sale: 7,000 common shares
+2 more
5 metrics
Proposed sale
7,000 common shares
Approximate sale date September 24, 2026
Aggregate market value of proposed sale
$244,930
Approximate sale date September 24, 2026
Prior sale
7,000 common shares
Sold August 24, 2026
Aggregate market value of prior sale
$273,630
Sold August 24, 2026
Issuer shares outstanding
57,800,460 shares
Reported in the notice
Key Terms
restricted stock vesting, Rule 144, attorney-in-fact
3 terms
restricted stock vesting financial
"Restricted Stock Vesting"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
attorney-in-fact regulatory
"as attorney-in-fact for Laurel Hurd"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
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