Interface CEO awarded shares, withholds stock for taxes
Interface Inc. President and CEO Laurel Hurd reported multiple stock transactions in company common shares.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 15,368 | $31.79 | $489K |
| Grant/Award | Common Stock | 173,046 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 77,075 | $31.79 | $2.45M |
Footnotes (2)
- F1. Performance shares determined on the reported Transaction Date to have satisfied performance criteria and vested on the reported Transaction Date.
- F2. A substantial number of such shares are unvested restricted stock units subject to a risk of forfeiture under certain circumstances.
FAQ
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What insider transactions did Interface Inc. (TILE) report for Laurel Hurd?
What do the footnotes in the Interface Inc. (TILE) Form 4 reveal about the CEO’s equity awards?
AI-generated analysis. How Rhea-AI works. Not financial advice.