Form 4: Interface Inc. Executive Nigel Stansfield Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Nigel Stansfield, Vice President of Interface Inc., disposed of 5,457 shares of common stock on January 12, 2025, to cover tax obligations.
Summary
- On January 12, 2025, Nigel Stansfield, a Vice President at Interface Inc., reported a transaction involving the disposal of 5,457 shares of common stock.
- The transaction was executed to satisfy tax obligations, with the shares being disposed of at a price of $22.8 per share.
- Following the transaction, Stansfield beneficially owns 138,898 shares of Interface Inc. common stock, a substantial number of which are unvested restricted shares, performance shares, and restricted stock units subject to forfeiture.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. The stock disposal is related to tax obligations, which is a common practice.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Key Dates
| Date | Description |
|---|---|
| 01/12/2025 | Date of stock disposal transaction. |
| 01/14/2025 | Date of signature on the Form 4 filing. |
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