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 18,462 shares of common stock on March 16, 2024, to satisfy tax obligations.
Summary
- On March 19, 2024, a Form 4 filing with the SEC revealed that Nigel Stansfield, a Vice President at Interface Inc. (TILE), disposed of company stock.
- The transaction occurred on March 16, 2024, where 18,462 shares of common stock were disposed of at a price of $15.14 per share.
- This disposal was to cover tax obligations.
- Following the transaction, Stansfield still beneficially owns 201,845 shares of Interface Inc. common stock, a substantial number of which are unvested restricted shares, performance shares and restricted stock units subject to a risk of forfeiture under certain circumstances.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in sentiment or alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/16/2024 | Date of stock disposal transaction. |
| 03/19/2024 | Date of Form 4 filing. |
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