Director Christopher G. Kennedy gets 6,067 RSU grant at INTERFACE (NASDAQ: TILE)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KENNEDY CHRISTOPHER G reported acquisition or exercise transactions in this Form 4 filing.
INTERFACE INC director Christopher G. Kennedy received an equity grant through restricted stock units. He was awarded 6,067 shares of Common Stock at no cash cost as a grant, increasing his direct holdings to 152,934 shares after the transaction. These restricted stock units were granted under the company's stock incentive plan and are scheduled to vest on the date of the 2027 annual meeting of shareholders, tying his compensation to future company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KENNEDY CHRISTOPHER G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,067 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 152,934 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs Granted: 6,067 shares
Price per Share: $0.0000 per share
Total Holdings After: 152,934 shares
+2 more
5 metrics
RSUs Granted
6,067 shares
Restricted stock units grant on 2026-05-19
Price per Share
$0.0000 per share
Grant price for RSU award
Total Holdings After
152,934 shares
Common stock directly held after grant
Transaction Code
Code A
Grant, award, or other acquisition
Vesting Date
2027 annual meeting date
RSUs vest at 2027 shareholder meeting
Key Terms
restricted stock units, stock incentive plan, transaction code A, Form 4
4 terms
restricted stock units financial
"Restricted stock units granted under the Company's stock incentive plan, vesting on the date of the 2027 annual meeting of shareholders."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
stock incentive plan financial
"Restricted stock units granted under the Company's stock incentive plan, vesting on the date of the 2027 annual meeting of shareholders."
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
transaction code A regulatory
"transaction_code_description": "Grant, award, or other acquisition"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Christopher G. Kennedy acquire in the latest INTERFACE INC (TILE) Form 4?
Christopher G. Kennedy received 6,067 restricted stock units of INTERFACE INC common stock as a grant. The award was made at no cash cost and reflects equity-based compensation rather than an open-market purchase or sale of existing shares.
What are the vesting terms of Christopher G. Kennedy’s 6,067 restricted stock units at INTERFACE INC (TILE)?
The 6,067 restricted stock units granted to Christopher G. Kennedy vest on the date of INTERFACE INC’s 2027 annual meeting of shareholders. Vesting ties the value of this compensation to his continued service and the company’s future performance until that meeting.
Was the INTERFACE INC (TILE) Form 4 transaction a market buy or sell by Christopher G. Kennedy?
The transaction was not a market buy or sell. It is coded as a grant or award acquisition, meaning Kennedy received 6,067 restricted stock units as equity compensation rather than trading shares on the open market.
What does the Form 4 code “A” mean in the INTERFACE INC (TILE) filing for Christopher G. Kennedy?
The Form 4 transaction code “A” indicates a grant, award, or other acquisition. In this case, Christopher G. Kennedy received 6,067 restricted stock units of INTERFACE INC common stock under the company’s stock incentive plan as part of his director compensation.