Form 4: Interface Inc. Vice President Nigel Stansfield Sells $324,000 in Common Stock

Interface Inc. Vice President Nigel Stansfield executed a sale of 19,990 shares of common stock at a weighted average price of $16.24 on May 7, 2024.

Summary

• On May 7, 2024, Nigel Stansfield, a Vice President at Interface Inc., sold 19,990 shares of common stock.
• The sale was executed at a weighted average price of $16.24 per share.
• The prices for individual transactions ranged from $16.20 to $16.31 per share.
• Following the transaction, Stansfield still beneficially owns 181,855 shares of Interface Inc.
• A substantial number of these remaining shares are unvested restricted shares, performance shares, and restricted stock units subject to forfeiture.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a stock sale by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company's stock.

Stakeholder Impact

• The sale of shares by a company executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.

Key Dates