Interface (TILE) CFO granted 55,198 shares, uses stock to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Interface Inc. VP & CFO Bruce Andrew Hausmann reported share-based compensation activity involving common stock. On February 26, 2026, he received a grant or award of 55,198 common shares at a price of $0.00 per share, tied to performance shares that satisfied vesting criteria. On February 26 and 27, he also disposed of 10,462 shares at $31.64, and 4,645 and 24,586 shares at $31.79 per share, all coded as tax-withholding dispositions to cover exercise price or tax liabilities rather than open-market sales. A substantial portion of his holdings consists of unvested restricted stock units that remain subject to potential forfeiture.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Hausmann Bruce Andrew
Role
VP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 10,462 | $31.64 | $331K |
| Tax Withholding | Common Stock | 4,645 | $31.79 | $148K |
| Grant/Award | Common Stock | 55,198 | $0.00 | -- |
| Tax Withholding | Common Stock | 24,586 | $31.79 | $782K |
Holdings After Transaction:
Common Stock — 169,256 shares (Direct)
Footnotes (1)
- Performance shares determined on the reported Transaction Date to have satisfied performance criteria and vested on the reported Transaction Date. A substantial number of such shares are unvested restricted stock units subject to a risk of forfeiture under certain circumstances.
FAQ
What insider transactions did Interface Inc. (TILE) CFO report?
Interface Inc. VP & CFO Bruce Andrew Hausmann reported one share grant of 55,198 common shares and three dispositions totaling several tens of thousands of shares. The dispositions were coded as tax-withholding events to satisfy exercise price or tax liabilities, not ordinary market sales.
Was the Interface Inc. (TILE) CFO’s Form 4 a stock sale in the market?
No, the reported dispositions were tax-withholding transactions, not open-market sales. Code F indicates shares were delivered to cover exercise price or tax liabilities in connection with equity awards, rather than discretionary selling of shares into the open market.
Do unvested restricted stock units remain in the Interface Inc. (TILE) CFO’s holdings?
Yes, a footnote states that a substantial number of the reported holdings are unvested restricted stock units. These units are still subject to a risk of forfeiture under certain circumstances, so they are not yet fully owned in the same way as vested common shares.