Form 4: Interface Inc. Vice President Sells 15,175 Shares

David B. Foshee, Vice President/Secretary of Interface Inc., sold 15,175 shares of common stock at a weighted average price of $26.27 on December 4, 2024.

Summary

• David B. Foshee, a Vice President and Secretary at Interface Inc., sold 15,175 shares of the company's common stock on December 4, 2024.
• The shares were sold at a weighted average price of $26.27 per share.
• The sale was executed in multiple transactions with prices ranging from $26.14 to $26.34 per share.
• Following the transaction, Foshee still beneficially owns 202,398 shares of Interface Inc.
• A significant portion 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 neutral report of an insider stock sale, with no indication of positive or negative sentiment. It is a routine filing.

Industry Context

This is a routine Form 4 filing, which is common for corporate officers and directors who trade in their company's stock. It provides transparency into insider transactions.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The sale by David B. Foshee is similar to other insider transactions reported by officers and directors of comparable companies.
• The price range of $26.14 to $26.34 is within the typical trading range for Interface Inc. stock.

Stakeholder Impact

• The sale of shares by a company officer may be of interest to shareholders, but is not necessarily indicative of a change in the company's prospects.

Key Dates

Keywords

Interface Inc., David B. Foshee, stock sale, insider trading, common stock, securities, Form 4