Interface (TILE) CEO Laurel Hurd reports tax-withholding stock disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Interface Inc. President & CEO Laurel Hurd reported a tax-related share disposition. On this Form 4, she transferred 9,753 shares of common stock at $31.50 per share to cover tax withholding obligations, a non-open-market transaction classified as a tax-withholding disposition.
After this transaction, she directly holds 433,375 shares of Interface common stock. A substantial number of these remaining shares are unvested performance shares and restricted stock units that may be forfeited under certain conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hurd Laurel
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,753 | $31.50 | $307K |
Holdings After Transaction:
Common Stock — 433,375 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Interface (TILE) report for CEO Laurel Hurd?
Interface reported that President & CEO Laurel Hurd executed a tax-withholding disposition of 9,753 shares of common stock at $31.50 per share. This Form 4 transaction was not an open-market sale, but a share transfer to satisfy tax obligations tied to equity awards.
Was Laurel Hurd’s Interface (TILE) Form 4 transaction a stock sale?
The Form 4 transaction was not a traditional open-market sale. It is coded as “F,” meaning shares were delivered to cover tax liabilities associated with equity compensation. This tax-withholding disposition reduces reported share ownership but does not reflect a discretionary market sale decision.