Interface CEO Laurel Hurd sells 7,000 shares
The sale was made under a Rule 10b5-1 trading plan Laurel Hurd adopted on May 12, 2026.
Rhea-AI Filing Summary
INTERFACE INC President & CEO Laurel Hurd sold 7,000 shares of common stock on September 24, 2026, at $34.99 per share. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted on May 12, 2026. After the sale, the reported direct holdings were 499,978 shares; a substantial number were unvested restricted stock units subject to a risk of forfeiture under certain circumstances.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 7,000 shares
Net Sell
1 txn
Insider
Hurd Laurel
Role
President & CEO
Sold
7,000 shs ($245K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 7,000 | $34.99 | $245K |
Holdings After Transaction:
Common Stock — 499,978 shares (Direct)
Footnotes (2)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2026.
- F2. A substantial number of such shares are unvested restricted stock units subject to a risk of forfeiture under certain circumstances.
Key Figures
Common stock sold: 7,000 shares
Sale price: $34.99 per share
Direct holdings after transaction: 499,978 shares
3 metrics
Common stock sold
7,000 shares
September 24, 2026
Sale price
$34.99 per share
September 24, 2026
Direct holdings after transaction
499,978 shares
After the September 24, 2026 sale
Key Terms
Rule 10b5-1 trading plan, restricted stock units, risk of forfeiture
3 terms
Rule 10b5-1 trading plan financial
"pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"unvested restricted stock units"
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.
risk of forfeiture financial
"subject to a risk of forfeiture under certain circumstances"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Was Laurel Hurd's TILE sale made under a trading plan?
Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan Laurel Hurd adopted on May 12, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.