Form 4: Interface Inc. Executive Nigel Stansfield Reports Acquisition and Disposal of Common Stock

Interface Inc.'s Vice President, Nigel Stansfield, reports acquiring and disposing of common stock on February 26, 2024, resulting in a net ownership of 220,307 shares.

Summary

• On February 26, 2024, Nigel Stansfield, a Vice President at Interface Inc., engaged in transactions involving the company's common stock.
• Stansfield acquired 24,865 shares of common stock, 3,573 shares of common stock, and 17,203 shares of common stock at $0.00.
• He also disposed of 18,198 shares at a price of $13.24.
• Following these transactions, Stansfield's total beneficial ownership of Interface Inc. common stock is 220,307 shares.
• Some of these shares are unvested restricted shares, performance shares, and restricted stock units subject to forfeiture under certain circumstances.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions by an insider.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock. It's a standard practice and doesn't necessarily indicate a significant event for the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider trading activities.
• It helps maintain investor confidence by ensuring fair market practices.

Key Dates