Director at Interface (NASDAQ: TILE) awarded 4,461 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gibson Dwight Audley Konrad reported acquisition or exercise transactions in this Form 4 filing.
INTERFACE INC director Dwight Audley Konrad Gibson received an equity grant in the form of restricted stock units under the company’s stock incentive plan. The award covers 4,461 shares of common stock and is structured as compensation rather than a cash purchase. Following this grant, he holds 68,026 shares of common stock directly. The restricted stock units are scheduled to vest on the date of the company’s 2027 annual meeting of shareholders, aligning the director’s incentives with long-term shareholder interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gibson Dwight Audley Konrad
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,461 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 68,026 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 4,461 shares
Post-transaction holdings: 68,026 shares
Transaction code: A (Grant, award, or other acquisition)
+2 more
5 metrics
RSU grant size
4,461 shares
Restricted stock units granted on May 19, 2026
Post-transaction holdings
68,026 shares
Common stock held directly after grant
Transaction code
A (Grant, award, or other acquisition)
Characterization of the Form 4 transaction
Transaction price per share
$0.0000
Indicates non-cash compensation award
Vesting event
2027 annual meeting date
RSUs vest on the 2027 annual meeting of shareholders
Key Terms
Restricted stock units, stock incentive plan, annual meeting of shareholders, 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.
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 INTERFACE INC (TILE) disclose in this Form 4 for Dwight Gibson?
INTERFACE INC reported that director Dwight Audley Konrad Gibson received 4,461 restricted stock units as an equity grant. These units were issued as compensation and increase his direct holdings to 68,026 common shares after the transaction.
When do Dwight Gibson’s new INTERFACE INC (TILE) restricted stock units vest?
The restricted stock units granted to Dwight Gibson vest on the date of INTERFACE INC’s 2027 annual meeting of shareholders. Vesting is contingent on that meeting date, aligning the award with long-term board and shareholder timelines.
What is Dwight Gibson’s total INTERFACE INC (TILE) ownership after this Form 4 transaction?
After receiving the 4,461-share restricted stock unit grant, Dwight Gibson’s direct holdings total 68,026 shares of INTERFACE INC common stock. This figure reflects his ownership position immediately following the reported equity award.
Was the INTERFACE INC (TILE) Form 4 transaction a market purchase or a compensation grant?
The Form 4 transaction is a compensation grant of restricted stock units, not an open-market purchase. The transaction code is “A” for an award, and the per-share price is listed as zero, indicating a non-cash equity incentive.