4/A: Interface Inc. Executive James Poppens Corrects Stock Transaction Reporting

James Poppens, Vice President of Interface Inc., files an amended Form 4 to correct the number of shares withheld for taxes in a previous transaction.

Summary

• James Poppens, a Vice President at Interface Inc., filed an amended Form 4 with the SEC.
• The amendment, filed on January 15, 2025, corrects the number of shares withheld for taxes from a transaction that occurred on January 12, 2025.
• The original transaction involved the disposition of 5,535 shares of common stock at a price of $22.8.
• Following the reported transaction, Poppens beneficially owns 142,039 shares of Interface Inc. common stock.
• A substantial number of these shares are unvested restricted shares, performance shares, and restricted stock units subject to forfeiture under certain circumstances.

Sentiment

Score: 7

Explanation: The document is a routine correction of a stock transaction filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects transparency.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction of the Form 4 filing ensures accurate information is available to shareholders regarding insider transactions.

Key Dates