INTERFACE INC (TILE) director granted 4,461 restricted stock units, now holds 91,059 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burke John Patrick reported acquisition or exercise transactions in this Form 4 filing.
INTERFACE INC director John Patrick Burke received an equity grant in the form of restricted stock units. He was awarded 4,461 shares of Common Stock at no purchase price under the company’s stock incentive plan. Following this grant, his direct holdings total 91,059 shares. The restricted stock units are scheduled to vest on the date of the company’s 2027 annual meeting of shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burke John Patrick
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,461 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 91,059 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 4,461 shares
Grant price per share: $0.0000 per share
Total holdings after grant: 91,059 shares
+1 more
4 metrics
RSU grant size
4,461 shares
Restricted stock units awarded to director on 2026-05-19
Grant price per share
$0.0000 per share
Compensation-related equity award, no cash paid
Total holdings after grant
91,059 shares
Director’s direct Common Stock holdings following transaction
Vesting event
2027 annual meeting date
RSUs vest on date of 2027 annual meeting of shareholders
Key Terms
restricted stock units, stock incentive plan, annual meeting of shareholders
3 terms
restricted stock units financial
"Restricted stock units granted under the Company's stock incentive plan, vesting on the date of the 2027 annual meeting of shareholders."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
stock incentive plan financial
"Restricted stock units granted under the Company's stock incentive plan, vesting on the date of the 2027 annual meeting of shareholders."
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
FAQ
What insider transaction did INTERFACE INC (TILE) director John Patrick Burke report?
John Patrick Burke reported receiving 4,461 restricted stock units of INTERFACE INC Common Stock as an equity award. The grant was made at no cash cost to him under the company’s stock incentive plan, increasing his direct holdings to 91,059 shares.
Was the INTERFACE INC (TILE) insider transaction a purchase or a grant?
The transaction was a grant, not an open-market purchase. John Patrick Burke received 4,461 restricted stock units as a compensation-related award under INTERFACE INC’s stock incentive plan, with no price paid per share and vesting tied to the 2027 annual meeting.
What are the vesting terms of John Patrick Burke’s restricted stock units at INTERFACE INC (TILE)?
The 4,461 restricted stock units granted to John Patrick Burke vest on the date of INTERFACE INC’s 2027 annual meeting of shareholders. Vesting means the units convert into common shares he fully owns, subject to the conditions in the company’s stock incentive plan.