Interface (TILE) CEO granted 173K shares, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Interface Inc. President and CEO Laurel Hurd reported multiple stock transactions in company common shares. She received a grant of 173,046 shares at no cost, including performance shares that vested on the transaction date and awards that remain subject to vesting conditions and potential forfeiture.
To cover tax obligations, she disposed of 15,368 shares and 77,075 shares through tax-withholding transactions at 31.79 per share. After these moves, her directly held common stock positions reported in the filing increased overall.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hurd Laurel
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 15,368 | $31.79 | $489K |
| Grant/Award | Common Stock | 173,046 | $0.00 | -- |
| Tax Withholding | Common Stock | 77,075 | $31.79 | $2.45M |
Holdings After Transaction:
Common Stock — 418,007 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) report for Laurel Hurd?
Interface Inc. reported that President and CEO Laurel Hurd received a grant of 173,046 common shares and disposed of 15,368 and 77,075 shares for tax withholding. These moves reflect equity compensation vesting and related tax payments, not open-market buying or selling activity.
What do the footnotes in the Interface Inc. (TILE) Form 4 reveal about the CEO’s equity awards?
Footnotes explain that some shares are performance-based awards that vested after meeting performance criteria, while a substantial number are unvested restricted stock units. These unvested units are still subject to a risk of forfeiture if certain conditions are not met in the future.