Form 4: Interface Inc. CEO Laurel Hurd Disposes of Shares to Cover Tax Obligations
SEC Form 4
Laurel Hurd, President and CEO of Interface Inc., disposed of 15,437 shares of common stock on February 26, 2025, to cover tax obligations related to vesting shares.
Summary
- On February 26, 2025, Laurel Hurd, the President and CEO of Interface Inc., disposed of 15,437 shares of common stock.
- The transaction was executed at a price of $18.87 per share.
- The disposal was to cover tax obligations related to the vesting of performance shares and restricted stock units.
- Following the transaction, Hurd directly owns 404,047 shares of Interface Inc. common stock, a substantial number of which are unvested performance shares and restricted stock units subject to forfeiture.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: Laurel Hurd disposed of shares. |
| 02/28/2025 | Date of signature on the Form 4 filing. |
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