TILE Form 4: VP & CFO Disposes 25,000 Shares; 145,403 Shares Remain
Rhea-AI Filing Summary
Bruce Andrew Hausmann, identified as Vice President & Chief Financial Officer and director of Interface, Inc. (TILE), reported a sale of 25,000 shares of common stock on 08/27/2025 at a weighted average sale price of $26.95 per share. After the reported disposition, the reporting person beneficially owns 145,403 shares. The filing discloses that many of the shares in that post-transaction total are unvested performance shares and restricted stock units subject to forfeiture. The explanation states the sale occurred in multiple transactions at prices ranging from $26.85 to $27.10 and that detailed per-price quantities are available upon request. The Form 4 is executed by an attorney-in-fact, David B. Foshee, dated 08/28/2025.
Positive
- Continued significant ownership: The reporting person still beneficially owns 145,403 shares after the sale, indicating ongoing alignment with shareholder value.
- Transparent pricing disclosure: The filing provides a weighted average sale price of $26.95 and a price range of $26.85 to $27.10, and offers to supply detailed per-price quantities upon request.
Negative
- Insider disposition: The CFO sold 25,000 shares, which is a reduction in insider-held shares.
- Material portion unvested: A substantial number of the reported post-transaction shares are unvested performance shares and restricted stock units, meaning the apparent ownership is partially contingent and subject to forfeiture.
Insights
TL;DR: Routine insider disposition by the CFO; ownership remains substantial but includes unvested awards.
The reported sale of 25,000 shares at a weighted average price of $26.95 appears as a standard disclosure of an insider disposition. Post-transaction ownership of 145,403 shares indicates continued significant economic exposure to TILE, though the filing clarifies that a substantial portion of that holding comprises unvested performance shares and restricted stock units that remain subject to forfeiture. The sale price range ($26.85–$27.10) and the statement that transactions occurred across multiple prices are provided; the filer offers granular detail on request. From a market-impact perspective, this Form 4 documents transparency around executive trading but does not, by itself, disclose company performance metrics or changes to corporate strategy.
TL;DR: Disclosure is compliant and precise; material context (reason for sale, plan basis) is not stated in the filing.
The Form 4 properly identifies the reporting person, relationship to the issuer (VP & CFO and director), transaction date, number of shares sold, and the weighted average sale price. It also notes that many retained shares are unvested awards, which is important for assessing true aligned ownership. The filing does not state whether the sale was made under a pre-established trading plan or for personal liquidity; such reasons are not required on Form 4 and are not provided here. Execution by an attorney-in-fact is documented with signature and date. Overall, the disclosure meets Form 4 reporting requirements but leaves open contextual questions about the motivations behind the sale.