Interface Inc. (TILE) VP disposes 2,413 shares to cover equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Interface Inc. vice president James Poppens disposed of 2,413 shares of common stock to cover tax obligations tied to equity awards. The shares were valued at $31.50 each in this tax-withholding disposition. After the transaction, he directly owned 129,891 shares, many of which are unvested performance shares and restricted stock units subject to potential forfeiture.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Poppens James
Role
Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,413 | $31.50 | $76K |
Holdings After Transaction:
Common Stock — 129,891 shares (Direct)
Footnotes (1)
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FAQ
What did Interface Inc. (TILE) insider James Poppens report on this Form 4?
James Poppens reported a tax-related share disposition of Interface Inc. stock. He used 2,413 common shares to satisfy tax obligations under equity awards, rather than executing an open-market sale, and continued to hold 129,891 shares following the transaction.
Was the Interface Inc. (TILE) Form 4 transaction a tax-withholding event or an open-market sale?
The Form 4 shows a tax-withholding disposition, not an open-market sale. The transaction code “F” and description confirm shares were delivered to cover exercise price or tax liabilities tied to equity awards, consistent with routine compensation-related activity.