Interface (TILE) VP sells shares and receives large stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Interface Inc. vice president James Poppens reported multiple stock transactions involving company common shares. On February 26, 2026, he received a grant of 49,678 shares, a substantial portion of which are unvested restricted stock units subject to forfeiture.
On the same day, shares totaling 22,127 and 4,181 were used in tax-withholding dispositions, and 9,144 shares were sold in open‑market transactions at a price of $31.56 per share, based on a weighted average. On February 27, 2026, an additional 9,415 shares were withheld for taxes and 5,206 shares were sold in the open market at a weighted‑average price of $31.28. After these transactions, Poppens directly held 129,496 shares of Interface common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,350 shares ($451,428)
Net Sell
6 txns
Insider
Poppens James
Role
Vice President
Sold
14,350 shs ($451K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,415 | $31.64 | $298K |
| Sale | Common Stock | 5,206 | $31.28 | $163K |
| Tax Withholding | Common Stock | 4,181 | $31.79 | $133K |
| Grant/Award | Common Stock | 49,678 | $0.00 | -- |
| Tax Withholding | Common Stock | 22,127 | $31.79 | $703K |
| Sale | Common Stock | 9,144 | $31.56 | $289K |
Holdings After Transaction:
Common Stock — 134,702 shares (Direct)
Footnotes (1)
- Performance shares determined on the reported Transaction Date to have satisfied performance criteria and vested on the reported Transaction Date. Reflects a weighted average sale price of $31.56. The shares were sold in multiple transactions at prices ranging from $31.40 to $31.78 per share, inclusive. The reporting person will provide to Interface, Inc., any security holder of Interface, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. 1. Reflects a weighted average sale price of $31.28. The shares were sold in multiple transactions at prices ranging from $31.05 to $31.48 per share, inclusive. The reporting person will provide to Interface, Inc., any security holder of Interface, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. A substantial number of such shares are unvested restricted stock units subject to a risk of forfeiture under certain circumstances.
FAQ
What insider transactions did Interface (TILE) report for James Poppens?
Interface vice president James Poppens reported a stock grant, tax‑withholding dispositions, and open‑market sales of common shares. The activity occurred on February 26 and 27, 2026, and combined sales totaled 14,350 shares across multiple transactions at weighted‑average prices around the low $31 range.
What portion of James Poppens’ Interface (TILE) transactions were for tax withholding?
Three transactions were coded as tax‑withholding dispositions, covering 22,127 shares, 4,181 shares, and 9,415 shares. These were used to satisfy tax or exercise‑price obligations by delivering shares rather than cash, a common mechanism when equity awards or vesting events occur for executives.
Were James Poppens’ Interface (TILE) sales executed at a single price?
No. The reported sales were executed in multiple trades within price ranges, then summarized as weighted‑average prices. One group averaged $31.56 per share within a $31.40–$31.78 range, and another averaged $31.28 within a $31.05–$31.48 range, as described in the filing footnotes.