Interface officer sells 28,451 shares at $35.99
Interface Inc.’s vice president and secretary reported a Rule 10b5-1 planned sale of 28,451 shares, with 146,563 shares reported as owned afterward.
Rhea-AI Filing Summary
INTERFACE INC (TILE) officer David B. Foshee, Vice President/Secretary, reported selling 28,451 shares of common stock on September 8, 2026 in an open-market transaction under a Rule 10b5-1 trading plan adopted on June 5, 2026. The weighted average sale price was $35.99 per share, and he reported owning 146,563 shares afterward, a substantial number of which are unvested restricted stock units subject to forfeiture.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 28,451 shares
Net Sell
1 txn
Insider
Foshee David B
Role
Vice President/Secretary
Sold
28,451 shs ($1.02M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 28,451 | $35.99 | $1.02M |
Holdings After Transaction:
Common Stock — 146,563 shares (Direct)
Footnotes (3)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 5, 2026.
- F2. Reflects a weighted average sale price of $35.99. The shares were sold in multiple transactions at prices ranging from $35.38 to $37.02 per share, inclusive. The reporting person will provide to Interface, Inc., any security holder of Interface, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- F3. A substantial number of such shares are unvested restricted stock units subject to a risk of forfeiture under certain circumstances.
Key Figures
Shares sold: 28,451 shares
Weighted average sale price: $35.99 per share
Sale price range: $35.38–$37.02 per share
+2 more
5 metrics
Shares sold
28,451 shares
Open-market sale of Interface Inc. common stock on September 8, 2026
Weighted average sale price
$35.99 per share
Average price across multiple trades in the September 8, 2026 sale
Sale price range
$35.38–$37.02 per share
Price range of individual trades in the reported sale
Shares owned after transaction
146,563 shares
Direct holdings reported after the September 8, 2026 sale
Rule 10b5-1 plan adoption date
June 5, 2026
Date on which the trading plan governing the sale was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, restricted stock units, risk of forfeiture
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted"
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.
weighted average sale price financial
"Reflects a weighted average sale price of $35.99."
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 regulatory
"restricted stock units subject to a risk of forfeiture under certain circumstances"
FAQ
What insider transaction did TILE report for David B. Foshee?
David B. Foshee reported a sale of 28,451 shares of Interface Inc. common stock on September 8, 2026. The sale was reported as an open-market transaction under a Rule 10b5-1 trading plan adopted on June 5, 2026.
Was the TILE insider sale made under a Rule 10b5-1 trading plan?
Yes. The sale on September 8, 2026 was effected under a Rule 10b5-1 trading plan adopted by David B. Foshee on June 5, 2026, as disclosed in the footnotes.
Is detailed trade data for the TILE insider sale available?
Yes. The filing states that David B. Foshee will provide full information about the number of shares sold at each separate price within the $35.38–$37.02 range to Interface Inc., any security holder, or SEC staff upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.