Form 4: Interface Inc. Director Daniel T. Hendrix Reports Stock Disposal
SEC Form 4
Director Daniel T. Hendrix reported the disposal of Interface Inc. stock to cover tax obligations, while still holding a significant number of shares.
Summary
- On February 28, 2024, Daniel T. Hendrix, a director of Interface Inc. (TILE), reported a transaction involving the disposal of 33,538 shares of common stock.
- The disposal was conducted to cover tax obligations, with the shares being disposed of at a price of $15.18 per share.
- Following the transaction, Hendrix directly owns 271,147 shares and indirectly owns 35,072 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a transaction by a director of Interface Inc., a company in the flooring industry.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the disposal of shares by a director, but the director still holds a significant amount of shares.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock disposal transaction |
| 02/29/2024 | Date of signature by Attorney in Fact |
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