Form 4: Interface Inc. Vice President James Poppens Reports Stock Transaction
SEC Form 4
Interface Inc. Vice President James Poppens disposed of 3,797 shares of common stock to cover tax obligations.
Summary
- James Poppens, a Vice President at Interface Inc., reported a transaction involving the company's common stock.
- On January 12, 2025, Mr. Poppens disposed of 3,797 shares of common stock at a price of $22.8 per share.
- This transaction was to cover tax obligations related to the vesting of restricted stock.
- Following the transaction, Mr. Poppens beneficially owns 143,777 shares of Interface Inc. common stock.
- A substantial portion of these shares are unvested restricted shares, performance shares, and restricted stock units subject to forfeiture under certain conditions.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing for an insider stock transaction, which is neither positive nor negative for the company's outlook.
Industry Context
This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any specific trend in the industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive stock transactions.
- Similar filings are made by executives at companies like Mohawk Industries and Shaw Industries, which are also in the flooring and building materials sector.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/12/2025 | Date of the stock transaction where 3,797 shares were disposed of. |
| 01/14/2025 | Date the Form 4 was signed by David B. Foshee, Attorney in Fact. |
Keywords
stock transaction, insider trading, Form 4, share disposal, restricted stock, Interface Inc., executive compensation
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