Form 4: Interface Inc. Director Daniel T. Hendrix Sells Shares

Director Daniel T. Hendrix sold 7,500 shares of Interface Inc. common stock at an average price of $19.95 on March 3, 2025.

Summary

• On March 3, 2025, Daniel T. Hendrix, a director of Interface Inc., sold 7,500 shares of common stock.
• The shares were sold at a weighted average price of $19.95.
• The sale was executed under a pre-arranged 10b5-1(c) trading plan.
• Following the transaction, Hendrix directly owns 96,147 shares and indirectly owns 35,072 shares through a trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It's a routine filing and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of a transaction by a company insider. It's common for executives and directors to have pre-arranged trading plans (Rule 10b5-1) to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder confidence, but is unlikely to be significant given the relatively small number of shares sold.

Key Dates