Form 4: Interface Inc. Director Daniel T. Hendrix Sells Shares
SEC Form 4
Director Daniel T. Hendrix of Interface Inc. (TILE) sold 12,500 shares of common stock on February 3, 2025, at a weighted average price of $23.78.
Summary
- On February 3, 2025, Daniel T. Hendrix, a director of Interface Inc. (TILE), sold 12,500 shares of the company's common stock.
- The sale was executed at a weighted average price of $23.78 per share, with individual transactions ranging from $23.44 to $24.08.
- Following the transaction, Hendrix directly owns 103,647 shares and indirectly owns 35,072 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by a director. It 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 directors and officers to buy and sell shares of their company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it's a common occurrence and doesn't necessarily indicate a lack of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of transaction: Daniel T. Hendrix sold 12,500 shares of Interface Inc. common stock. |
| 02/04/2025 | Date of signature: David B. Foshee, Attorney in Fact, signed the Form 4 on behalf of Daniel T. Hendrix. |
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