Director at Interface (NASDAQ: TILE) receives 4,461 restricted stock units as equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTERFACE INC director Catherine M. Kilbane reported an equity compensation grant in the form of restricted stock units. She was awarded 4,461 restricted stock units of common stock, which were granted at no cash cost to her and will vest on the date of the company’s 2027 annual meeting of shareholders. After this award, she is shown as beneficially owning 71,576 shares of common stock. This is a routine compensation-related acquisition, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KILBANE CATHERINE M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,461 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 71,576 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 4,461 units
Post-transaction holdings: 71,576 shares
Vesting date reference: 2027 annual meeting
+2 more
5 metrics
RSU grant size
4,461 units
Restricted stock units of common stock granted to director
Post-transaction holdings
71,576 shares
Common stock beneficially owned after the award
Vesting date reference
2027 annual meeting
RSUs vest on the date of the 2027 annual meeting of shareholders
Transaction code
A
Grant, award, or other acquisition of common stock
Price per share
$0.0000
No cash price reported for the RSU grant
Key Terms
Restricted stock units, stock incentive plan, annual meeting of shareholders, Grant, award, or other acquisition
4 terms
Restricted stock units financial
"Restricted stock units granted under the Company's stock incentive plan, vesting on the date of the 2027 annual meeting of shareholders."
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, vesting on the date of the 2027 annual meeting of shareholders."
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did INTERFACE INC (TILE) report for Catherine M. Kilbane?
INTERFACE INC reported that director Catherine M. Kilbane received a grant of 4,461 restricted stock units of common stock. The award is a compensation grant, not an open-market trade, and increases her reported beneficial ownership stake in the company.
What are the key terms of Catherine M. Kilbane’s restricted stock unit grant at INTERFACE INC (TILE)?
Kilbane’s grant consists of 4,461 restricted stock units granted under INTERFACE INC’s stock incentive plan. According to the disclosure, these units will vest in full on the date of the company’s 2027 annual meeting of shareholders, subject to the grant’s standard conditions.
Was Catherine M. Kilbane’s INTERFACE INC (TILE) transaction a stock purchase or sale?
The filing characterizes the transaction as a grant or award acquisition, not an open-market purchase or sale. Catherine M. Kilbane received 4,461 restricted stock units as part of her director compensation, with no price per share reported for the grant.
When will Catherine M. Kilbane’s restricted stock units in INTERFACE INC (TILE) vest?
The restricted stock units granted to Catherine M. Kilbane are scheduled to vest on the date of INTERFACE INC’s 2027 annual meeting of shareholders. Vesting typically means the units convert into shares, assuming applicable service or other conditions are satisfied.