Interface (NASDAQ: TILE) CEO sells 7,000 shares in 10b5-1 plan
Rhea-AI Filing Summary
INTERFACE INC (TILE) reported that President & CEO Laurel Hurd sold 7,000 shares of common stock on 2026-08-24 at $39.09 per share in an open-market or private transaction. The sale was effected under a Rule 10b5-1 trading plan adopted on May 12, 2026. Following this transaction, Hurd holds 506,978 shares directly, and a substantial number of these are unvested restricted stock units subject to a risk of forfeiture under certain circumstances.
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Insider Trade Summary 10b5-1
Net Seller: 7,000 shares
Net Sell
1 txn
Insider
Hurd Laurel
Role
President & CEO
Sold
7,000 shs ($274K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 7,000 | $39.09 | $274K |
Holdings After Transaction:
Common Stock — 506,978 shares (Direct)
Footnotes (2)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2026.
- F2. A substantial number of such shares are unvested restricted stock units subject to a risk of forfeiture under certain circumstances.
Key Figures
Shares sold: 7,000 shares of Common Stock
Sale price per share: $39.09 per share
Shares owned after transaction: 506,978 shares
+1 more
4 metrics
Shares sold
7,000 shares of Common Stock
Non-derivative sale on 2026-08-24
Sale price per share
$39.09 per share
Price for the 7,000-share sale on 2026-08-24
Shares owned after transaction
506,978 shares
Direct holdings of Laurel Hurd following the sale
Rule 10b5-1 plan adoption date
May 12, 2026
Date the trading plan governing this sale was adopted
Key Terms
Rule 10b5-1 trading plan, restricted stock units, risk of forfeiture
3 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"A substantial number of such shares are unvested restricted stock units"
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.
risk of forfeiture financial
"subject to a risk of forfeiture under certain circumstances"
FAQ
What insider transaction did INTERFACE INC (TILE) disclose for Laurel Hurd?
INTERFACE INC disclosed that President & CEO Laurel Hurd sold 7,000 shares of common stock on 2026-08-24 at $39.09 per share in an open-market or private transaction under a Rule 10b5-1 trading plan.
Was the INTERFACE INC (TILE) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by Laurel Hurd on May 12, 2026, and the document-level Rule 10b5-1 checkbox is affirmed.
Does the filing mention any vesting conditions on Laurel Hurd’s INTERFACE INC (TILE) holdings?
Yes. The filing notes that a substantial number of Laurel Hurd’s 506,978 shares are unvested restricted stock units that are subject to a risk of forfeiture under certain circumstances.
AI-generated analysis. How Rhea-AI works. Not financial advice.