Director at Interface Inc (TILE) receives 4,461 restricted stock units in equity grant
Rhea-AI Filing Summary
O'Brien Robert T reported acquisition or exercise transactions in this Form 4 filing.
Interface Inc director Robert T. O'Brien received 4,461 shares of common stock as a stock grant. The award is in the form of restricted stock units granted under the company's stock incentive plan, vesting on the date of the 2027 annual meeting of shareholders. Following this grant, he directly holds 41,006 shares, reflecting routine equity-based director compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insights
Routine director equity grant with modest size and no cash outlay.
Director Robert T. O'Brien received 4,461 restricted stock units of Interface Inc common stock at no cash cost, under the company’s stock incentive plan. This is categorized as a grant or award, not a market transaction.
The units vest at the 2027 annual meeting of shareholders, tying director compensation to longer-term company performance and continued board service. After this grant, O'Brien directly holds 41,006 shares, indicating the award is modest relative to an existing equity position.
The filing shows no sales, option exercises, or derivative positions, so the transaction is best viewed as standard governance and compensation practice. Subsequent filings may detail future vesting or any later sales of vested shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,461 | $0.00 | -- |
Footnotes (1)
- [object Object]