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TILE Form 4: VP Nigel Stansfield forfeits 18,434 RSUs, retains 46,691 shares

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Interface, Inc. insider Nigel Stansfield reported a reduction in his beneficial ownership following forfeiture of certain unvested awards. The Form 4 shows a disposition of 18,434 shares (recorded as forfeiture of unvested restricted stock units) and a resulting beneficial ownership of 46,691 shares. The filing notes that a substantial portion of the remaining shares are unvested performance shares and restricted stock units subject to forfeiture under specified conditions. This disclosure reflects an internal compensation-related adjustment rather than an open-market sale.

Positive

  • None.

Negative

  • Forfeiture of 18,434 unvested restricted stock units, reducing the reporting person's beneficial holdings.
  • Substantial portion of remaining 46,691 shares are unvested performance shares/RSUs and remain subject to forfeiture, limiting current vested ownership.

Insights

TL;DR: Insider forfeited unvested awards, reducing reported holdings to 46,691 shares; impact appears routine and compensation-driven.

The reported disposition of 18,434 shares is described as forfeiture of unvested restricted stock units rather than a market sale, indicating the change stems from vesting/termination mechanics. The filing also emphasizes that many of the remaining shares are still unvested and subject to forfeiture, which limits the insider's current economic interest and potential voting power. For investors, this is a governance and compensation disclosure with limited immediate cash-flow implications for the company.

TL;DR: This is a routine compensation-driven disclosure; materiality is low but reduces insider's vested stake.

The Form 4 clarifies the nature of the transaction as forfeiture of unvested equity tied to employment/ performance conditions. That reduces the reporting person's directly beneficial holdings to 46,691 shares and highlights contingent equity still subject to forfeiture. From a governance perspective, the filing is important for transparency on insider alignment with long-term incentives but does not indicate misconduct or market trading.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Nigel Stansfield

(Last) (First) (Middle)
1280 WEST PEACHTREE ST NW

(Street)
ATLANTA GA 30309

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
INTERFACE INC [ TILE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/01/2025 D(1) 18,434 D $0.00 46,691(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Forfeiture of certain unvested restricted stock units upon termination of employment.
2. A substantial number of such shares are unvested performance shares and restricted stock units subject to a risk of forfeiture under certain circumstances.
Remarks:
/s/ David B. Foshee, Attorney in Fact 09/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Interface (TILE) insider Nigel Stansfield report?

The Form 4 reports a disposition of 18,434 shares recorded as forfeiture of unvested restricted stock units.

How many shares does Nigel Stansfield beneficially own after the reported transaction?

He beneficially owns 46,691 shares following the reported forfeiture, per the filing.

Are the remaining shares fully vested for Nigel Stansfield at Interface (TILE)?

No. The filing states a substantial number of the remaining shares are unvested performance shares and RSUs subject to forfeiture.

Was the reported transaction a market sale or a compensation forfeiture?

The Form 4 describes the change as forfeiture of unvested restricted stock units, not an open-market sale.

Does this Form 4 indicate any change in Nigel Stansfield’s role at Interface?

The filing identifies him as an officer (Vice President) and does not state any change in role.
Interface Inc

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