Interface (TILE) CFO uses 2,684 shares to satisfy tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTERFACE INC VP & CFO Bruce Andrew Hausmann reported a tax-related share disposition. On February 24, 2026, he used 2,684 shares of common stock at $31.50 per share to satisfy tax withholding obligations, rather than making an open-market sale. After this transaction, he directly owned 153,751 shares of Interface common stock, and a substantial number of these 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
Hausmann Bruce Andrew
Role
VP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,684 | $31.50 | $85K |
Holdings After Transaction:
Common Stock — 153,751 shares (Direct)
Footnotes (1)
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FAQ
What did Interface (TILE) CFO Bruce Hausmann report in this Form 4?
He reported a tax-related share disposition. On February 24, 2026, Bruce Hausmann used 2,684 shares of Interface common stock at $31.50 per share to satisfy tax withholding obligations, rather than executing an open-market sale.
Was the Interface (TILE) CFO’s Form 4 transaction an open-market sale?
No, it was not an open-market sale. The Form 4 describes the transaction as a tax-withholding disposition, where 2,684 shares were used to satisfy tax obligations, rather than being sold on the open market for discretionary portfolio reasons.
What does transaction code F mean in the Interface (TILE) Form 4?
Code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 2,684 Interface common shares were used to cover tax withholding, classifying the move as a tax-withholding disposition rather than a standard buy or sell trade.