Interface (NASDAQ: TILE) VP covers taxes with share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Interface Inc. vice president and secretary David B. Foshee reported a tax-withholding disposition of 1,747 shares of common stock, valued at $31.50 per share, to satisfy a tax liability by delivering shares rather than cash.
After this transaction, he directly held 208,769 shares of Interface common stock. A substantial number of these shares consist of unvested performance shares and restricted stock units that remain subject to potential forfeiture under certain circumstances.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Foshee David B
Role
Vice President/Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,747 | $31.50 | $55K |
Holdings After Transaction:
Common Stock — 208,769 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Interface (TILE) executive David B. Foshee report?
David B. Foshee reported a tax-withholding disposition of 1,747 Interface common shares. The shares, valued at $31.50 each, were delivered to cover a tax liability rather than sold in an open-market trade, reflecting an administrative equity event.
Was the Interface (TILE) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were delivered to pay a tax obligation related to equity, using code F, which denotes payment of exercise price or tax liability by delivering securities.
What does transaction code F mean on the Interface (TILE) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 1,747 Interface common shares were used to satisfy a tax obligation, classifying the event as a tax-withholding disposition rather than a typical buy or sell.