Form 4: Interface Inc. Executive James Poppens Disposes of Shares to Cover Tax Obligations

James Poppens, Vice President of Interface Inc., disposed of 9,352 shares of common stock on January 24, 2025, to satisfy tax obligations related to vesting shares.

Summary

• On January 24, 2025, James Poppens, a Vice President at Interface Inc. (TILE), disposed of 9,352 shares of common stock.
• The transaction was executed at a price of $24.42 per share.
• Following the transaction, Poppens directly owns 132,687 shares of Interface Inc.
• A substantial number of these shares are unvested performance shares and restricted stock units subject to forfeiture under certain circumstances.

Sentiment

Score: 5

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

Risks

• A substantial number of shares are unvested performance shares and restricted stock units subject to a risk of forfeiture under certain circumstances.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The disposal of shares often relates to tax obligations or portfolio diversification.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.

Key Dates