Form 4: Interface Inc. Vice President Nigel Stansfield Reports Stock Disposal
SEC Form 4
Nigel Stansfield, a Vice President at Interface Inc., reported disposing of 3,896 shares of common stock on February 26, 2025, to cover tax obligations.
Summary
- On February 26, 2025, Nigel Stansfield, a Vice President at Interface Inc., disposed of 3,896 shares of common stock.
- The transaction was executed at a price of $18.87 per share.
- This disposal was related to covering tax obligations.
- Following the transaction, Stansfield directly owns 144,622 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 routine stock disposal for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an officer for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: Disposal of common stock. |
| 02/28/2025 | Date of signature on the report. |
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