Director at Interface (NASDAQ: TILE) receives 4,461 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Keough Joseph reported acquisition or exercise transactions in this Form 4 filing.
INTERFACE INC director Joseph Keough reported an equity award of 4,461 restricted stock units tied to the company’s common stock. The units were granted at no cash cost as part of the company’s stock incentive plan and will vest on the date of the 2027 annual meeting of shareholders. Following this grant, Keough directly owns 61,126 shares of Interface common stock, reflecting routine director compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Keough Joseph
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,461 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 61,126 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 4,461 units
Post-transaction holdings: 61,126 shares
Vesting timing: 2027 annual meeting
+1 more
4 metrics
RSU grant size
4,461 units
Restricted stock units granted on May 19, 2026
Post-transaction holdings
61,126 shares
Common stock directly owned after the award
Vesting timing
2027 annual meeting
RSUs vest on the date of the 2027 shareholder meeting
Grant price per share
$0.0000 per share
Reported transaction price for the RSU grant
Key Terms
Restricted stock units, stock incentive plan, annual meeting of shareholders, Form 4
4 terms
Restricted stock units financial
"Restricted stock units granted under the Company's stock incentive plan"
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.
stock incentive plan financial
"Restricted stock units granted under the Company's stock incentive plan"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
Form 4 regulatory
"What did Interface Inc (TILE) director Joseph Keough report in this Form 4?"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Interface Inc (TILE) director Joseph Keough report in this Form 4?
Joseph Keough reported receiving 4,461 restricted stock units linked to Interface Inc common stock. The award is part of the company’s stock incentive plan, was granted at no cash cost, and represents routine director equity compensation rather than an open-market trade.
What is the size of Joseph Keough’s restricted stock unit award at Interface Inc (TILE)?
The award consists of 4,461 restricted stock units tied to Interface Inc common stock. These units were granted under the company’s stock incentive plan and will convert into shares as they vest, providing equity-based compensation to the director over time.
When do Joseph Keough’s Interface Inc (TILE) restricted stock units vest?
The restricted stock units vest on the date of Interface Inc’s 2027 annual meeting of shareholders. Vesting on that meeting date ties the award to continued board service through that time, aligning director compensation with longer-term company oversight.
Was Joseph Keough’s Interface Inc (TILE) Form 4 transaction an open-market stock purchase?
No, the transaction was not an open-market purchase. It reflects a grant of 4,461 restricted stock units at a reported price of $0.0000 per share, indicating compensation awarded under Interface Inc’s stock incentive plan instead of a cash-funded share acquisition.