Interface Inc (TILE) VP sells 44,393 shares, holds 175,014
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Interface Inc vice president and secretary David B. Foshee sold 44,393 shares of common stock. The open-market sale took place at a price of $29.00 per share. After the transaction, he directly holds 175,014 shares. A substantial number of these remaining shares are unvested performance shares and restricted stock units that can be forfeited under certain conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 44,393 shares ($1,287,397)
Net Sell
1 txn
Insider
Foshee David B
Role
Vice President/Secretary
Sold
44,393 shs ($1.29M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 44,393 | $29.00 | $1.29M |
Holdings After Transaction:
Common Stock — 175,014 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 44,393 shares
Sale price: $29.00 per share
Shares held after transaction: 175,014 shares
3 metrics
Shares sold
44,393 shares
Open-market sale of common stock on 2026-05-18
Sale price
$29.00 per share
Price received for each share sold
Shares held after transaction
175,014 shares
Direct holdings following the reported sale
Key Terms
open-market sale, performance shares, restricted stock units, risk of forfeiture
4 terms
open-market sale financial
"The transaction was an open-market sale of common stock."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
restricted stock units financial
"A substantial number of such shares are unvested performance shares and 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
"...restricted stock units subject to a risk of forfeiture under certain circumstances."
FAQ
What insider transaction did Interface Inc (TILE) report for David B. Foshee?
Interface Inc reported that vice president and secretary David B. Foshee sold 44,393 shares of common stock. The transaction was an open-market sale at $29.00 per share, and it reduced but did not eliminate his direct equity position in the company.
What type of transaction was reported for Interface Inc (TILE) insider David B. Foshee?
The filing describes the transaction as an open-market sale of common stock. This means the 44,393 shares were sold through the market rather than as a private grant, tax withholding event, or internal restructuring transaction, providing clear details on the nature of the disposition.