Form 4: Interface Inc. Director Daniel T. Hendrix Sells Shares
SEC Form 4 Filing
Director Daniel T. Hendrix of Interface Inc. sold 17,300 shares of common stock at an average price of $17.05 on July 23, 2024.
Summary
- On July 23, 2024, Daniel T. Hendrix, a director of Interface Inc., sold 17,300 shares of the company's common stock.
- The sale was executed at a weighted average price of $17.05 per share, with individual transactions ranging from $16.95 to $17.15.
- Following the transaction, Hendrix directly owns 213,647 shares and indirectly owns 35,072 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by a company director. It doesn't inherently convey positive or negative sentiment, but rather reports a factual transaction.
Industry Context
This transaction 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, and these transactions are closely monitored by regulators and investors.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the director's reasons for selling.
Key Dates
| Date | Description |
|---|---|
| 07/23/2024 | Date of transaction: Sale of 17,300 shares of Interface Inc. common stock. |
| 07/24/2024 | Date of signature by Attorney in Fact. |
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