Form 4: Interface Inc. Vice President Nigel Stansfield Sells 17,500 Shares
SEC Form 4 Filing
Interface Inc.'s Vice President, Nigel Stansfield, recently sold 17,500 shares of common stock at an average price of $16.44.
Summary
- On August 8, 2024, Nigel Stansfield, a Vice President at Interface Inc., sold 17,500 shares of common stock.
- The sale was executed at a weighted average price of $16.44 per share, with individual transactions ranging from $16.42 to $16.50.
- Following the transaction, Stansfield directly owns 164,355 shares of Interface Inc.
- A substantial number of these shares are unvested restricted shares, performance shares, and restricted stock units subject to forfeiture.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't convey any explicit positive or negative sentiment about the company's performance or future prospects.
Industry Context
This is a routine disclosure of an insider transaction and doesn't necessarily indicate a broader trend within the industry.
Stakeholder Impact
- The sale of shares by a company officer could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of transaction: Nigel Stansfield sold 17,500 shares of Interface Inc. common stock. |
| 08/09/2024 | Date of report: Form 4 filing date. |
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