Insider Sale: TILE Vice President Disposes of 5,000 Shares on 08/21/2025
Rhea-AI Filing Summary
James Poppens, Vice President of Interface, Inc. (TILE), reported an insider sale on 08/21/2025. He disposed of 5,000 shares of common stock in transactions executed at a weighted average price of $26.14 per share, with individual sale prices ranging from $26.07 to $26.19. After the sale, the reporting person beneficially owned 124,616 shares. The filing notes that a substantial portion of those shares are unvested performance shares and restricted stock units subject to forfeiture under certain conditions. The Form 4 was signed by an attorney-in-fact on 08/22/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: A routine insider sale of 5,000 shares at ~$26.14; remaining holding still significant and includes unvested awards.
The transaction appears to be a routine disposition rather than a company-altering event. A sale of 5,000 shares against 124,616 shares held represents a modest reduction in beneficial ownership (~4.0%). The filing discloses that many remaining shares are unvested performance shares and restricted stock units, which limits immediate liquidity of the holder's total position. No derivative transactions or changes to grant terms are reported, and the weighted average sale price range is narrow, indicating execution over multiple trades at similar prices.
TL;DR: Disclosure is standard and meets Rule 16 reporting; no governance red flags apparent from these entries.
The Form 4 timely reports an insider sale and provides the required explanatory detail about sale prices and the nature of retained holdings. The involvement of an attorney-in-fact and the explanatory note about unvested performance shares and RSUs aligns with standard practice for insiders managing restricted awards. There are no amendments, pledges, or transfers indicating change in control or governance concerns.