Form 4: Interface Inc. Director Daniel T. Hendrix Sells 15,000 Shares
SEC Form 4 Filing
Director Daniel T. Hendrix of Interface Inc. (TILE) sold 15,000 shares of common stock at an average price of $16.56 on July 16, 2024.
Summary
- On July 16, 2024, Daniel T. Hendrix, a director of Interface Inc. (TILE), sold 15,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $16.56 per share.
- Following the transaction, Hendrix directly owns 231,147 shares and indirectly owns 35,072 shares through a trust.
- The shares were sold in multiple transactions at prices ranging from $16.50 to $16.61 per share.
Sentiment
Score: 5
Explanation: Neutral. This is a standard Form 4 filing, indicating a sale of shares by a director. Without additional context, it's difficult to assess the sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company's stock. The market will often look at the ratio of buys to sells to determine sentiment.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it's a relatively small transaction and may not have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 07/16/2024 | Date of transaction: Sale of 15,000 shares of common stock. |
| 07/17/2024 | Date of signature by Attorney in Fact. |
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