Interface (TILE) CAO disposes shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Interface Inc.'s Chief Accounting Officer Robert Pridgen reported a tax-related share disposition. On this Form 4, he disposed of 716 shares of Interface common stock at $31.50 per share in a transaction coded as payment of tax liability by delivering securities. After this transaction, he directly owned 25,288 shares, a substantial number of which are unvested performance shares and restricted stock units that remain subject to forfeiture under certain conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pridgen Robert
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 716 | $31.50 | $23K |
Holdings After Transaction:
Common Stock — 25,288 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Interface (TILE) disclose for Robert Pridgen?
Interface reported that Chief Accounting Officer Robert Pridgen disposed of 716 shares of common stock. The transaction was coded as a tax-withholding event, meaning shares were delivered to satisfy tax obligations rather than representing an open-market sale or purchase.
Does the Interface (TILE) Form 4 indicate an open-market sale by Robert Pridgen?
The filing shows a transaction coded “F,” which represents payment of tax liability by delivering securities, not an open-market sale. This type of disposition typically occurs automatically when equity awards vest and taxes are due, rather than reflecting a discretionary trading decision.